Reuters 3000 Xtra

Reuters 3000 Xtra was an electronic trading platform which was released in 1999 and supported until the end of 2013. It was typically used by professional traders and financial analysts in trading rooms, and was superseded by Thomson Reuters Eikon, first released in 2010.

3000 Xtra provided real-time market data such as price data on exchange traded stocks, warrants, options, futures, indices, bonds, commodities and currencies, as well as streaming news and comprehensive economic indicators and financial data. Originally designed as an information system, later versions also introduced trading functions, allowing orders to be placed on a number of electronic exchanges and with other dealing desks.

The client software connected to the Reuters servers over a dedicated link via one of the proprietary feed servers, such as Reuters Market Data System (RMDS) or Triarch. One of the early attractions for dealers was the integration with Microsoft Excel and the instant messaging facility for sending messages to other dealing desks.

It went on to become the de facto platform on traders' desks in banks and financial institutions due to the breadth of the information available, despite the significant cost and dedicated infrastructure required. Its main rival was the Bloomberg Terminal, although in many cases both systems were used.

History

Quote screen showing details for the stock HSBC on Hong Kong exchange

The 3000 Xtra system was first released in 1999, but in many ways was a continuation of previous Reuters products that included Equities 2000 (released in 1987), Dealing 2000-2 (released in 1992) and 3000 Series (released in 1996). It inherited a lot of design features such as much of the user interface from those earlier systems that were developed in the late 1980s and early 1990s.

Thomson Reuters began decommissioning Reuters 3000 Xtra in 2013,^[1] replacing it by the newer Thomson Reuters Eikon.

Architecture

The system was designed to use private network links to Reuters to get live prices from global stock, commodity, futures, derivative and bond markets as well as foreign exchange price makers. The client terminal would connect to a local Unix server typically hosted on site by the financial institution. The server would have dedicated links back to Reuters global network. The client software was a Windows based application. Live connection to Excel spreadsheets was provided via the Reuters Power Plus Pro utility. The system was enhanced through a number of different versions over the years. from version 5 onwards it was qualified for Citrix thin client delivery, which became a common way to access the software.

See also

• Electronic communication network

References

External links

• Thomson Reuters Eikon product page
• Reuters 3000 Xtra Training