November 7, 2018

Refinitiv expands trading footprint in Middle East with Sunday trading capabilities

Enhancement enables users to access a range of MENA markets

NEW YORK/LONDON – Refinitiv, formerly Thomson Reuters Financial and Risk, has added Sunday trading capabilities to its equities trading platform and announced the adoption of REDI by Riyad Capital to enhance their trading execution capabilities in Saudi Arabia.

REDI enables regional and global clients to trade into the Middle East and North Africa (MENA) markets. Clients can now optimize their execution of complex orders and monitor live profit and loss on existing position, particularly with higher commission rates and the increasing risk of managing diverse portfolios in MENA. The system offers sophisticated portfolio and basket trading functionality allowing users in MENA to achieve best execution and reduce trading costs.

Sunday trading was recently added to the system enabling clients globally to access a range of markets in MENA. With short selling emerging across MENA markets, REDI’s advanced screening and short locate functionality offers clients the ability to effectively hedge their positions. REDI is an award-winning Execution Management System (EMS) and cross-asset trading platform, offering equities, futures and options trading with over 200 brokers in more than 80 countries.

In addition to automating trade execution, the system seamlessly feeds trading activity to back office systems, fund administrators, and custodians, among others. Trading capabilities allow heads of MENA trading desks to evaluate the trading performance of their teams and counterparties in a quantitative manner using several benchmarks at the same time.

“REDI is a cost effective, compliant, and advanced solution for trade execution across all exchange-traded instruments in MENA. The advanced and unique risk functionality of REDI enables clients in the region to effectively navigate trade execution by reducing trading errors,” said Nadim Najjar, Managing Director, Middle East & North Africa, Refinitiv.

“Delivering a truly global, cross-asset trading platform requires expanding our capabilities across all regions – in both developed and emerging markets,” said Michael Chin, co-Head, Trading, Refinitiv.

© Refinitiv 2018. All Rights Reserved.

All materials provided by REDI Global Technologies LLC (member FINRA and SIPC), REDI Technologies Limited (Financial Conduct Authority (“FCA”) Firm Reference Number (“FRN”) #612490) and their affiliates (collectively, “REDI”) are for informational purposes only. This document is intended for only institutional accounts (as defined by FINRA) and Eligible Counterparties (as defined by the FCA), and it is not intended for retail investors/persons. REDI services and related services are not available in all jurisdictions.

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.


Tarek Fleihan

Brian Bertsch