Thomson Reuters said Tuesday it has launched an ultra-high speed network and hosting environment that enables financial firms to access and share information faster and more cost effectively.
The data distribution network, dubbed Elektron, enables firms to trade faster, using the most complete coverage of real time financial information available, connect to more markets and interact freely across a global, resilient and secure cloud, according to Thomson Reuters.
"Firms of all sizes will benefit from significantly lower operational costs and drastically reduced time to market, plus the opportunity for the open exchange of data, transactions and new business opportunities," explained the company.
Benchmark testing indicates that Elektron delivers information up to 20 times faster than traditional aggregated data networks, notes Thomson Reuters. The fabric includes strategically located proximity and co-location hosting centers, initially in New York, Chicago, London, Frankfurt, Tokyo and Singapore. Later this year additional centers will open in Hong Kong, India and Brazil.
Clients, exchanges, brokers and other liquidity providers will be able to publish messages and content directly to their discrete counterparties and subscribe to service providers’ analytics, algorithms, risk models, as well as post trade facilities and reference data resources.
"This is a time of extraordinary innovation for Thomson Reuters, our customers and our partners, as together we respond to and shape a rapidly evolving financial marketplace. Elektron is designed to enable this innovation," said Jon Robson, president of Enterprise at Thomson Reuters.
"We are responding to the needs of a new era in the financial industry, one which requires that all participants benefit from increased transparency and equal access to markets," Robson continued. "Firms of all sizes will be able to connect via Elektron, benefiting from greater speed, lower operating costs and flexibility that will enable the markets to work and evolve freely."
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