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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.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).
Reuters News will remain a unit of Thomson Reuters Corp.It was superseded by the Eikon platform, first released in 2010.3000 Xtra provided real-time market data such as price data on exchange traded stocks, warrants, options,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.This was provided on-site via a proprietary and often redundant hardware installation, 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.The server would have dedicated links back to Reuters global network.
The client software was a Windows-based application.
Reuters 3000 Xtra was an electronic trading platform which was released by Reuters in 1999 and supported until the end of 2013.
It was typically used by professional traders and financial analysts in trading rooms.
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.
replacing it by the newer Thomson Reuters Eikon platform.
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.