Thomson Reuters launches App for informed trading

Thomson Reuters has launched proTRade, a mobile application that facilitates easy and informed stock trading. This is an exchange-certified application and first of its kind that brings together trusted data and information to deliver unique market insights for informed decisions, along with the ease of trading.

proTRade, which is available on both iOS and Android platforms, will be licensed to brokerages, who in turn will be able to customise the application to offer it to their customers.

Paresh Hede, Director — Enterprise Solutions, Thomson Reuters, South Asia told Business Line that the aim would be to sign up at least top 50 brokerage houses in the next one year.

“We are already working on a host of features including facilitating trading of all exchange related asset classes and KYC compliance through this app which will make it even more relevant and useful for both brokerages as well as their customers. With proTRade, we want to be among the top three players in this space in the next six months,” Paresh added.

Thomson Reuters has adopted ‘mobile first’ strategy for proTRade. The desktop version of the application will also be available soon.

Sriram Ramnarayan, Vice-President and Head — Financial and Risk, Thomson Reuters, South Asia, said, “We are very excited to bring this unique product to the market. proTRade has been designed to specifically meet the ever-changing needs of the stock markets and investors.

“It will give customers secure and real time access to quotes and trading, and the ease of quick and informed trading execution.”

srivats.kr@thehindu.co.in