Thomson Reuters Launches Elektron in India

Written by Agencies | New Delhi | Updated: Aug 31 2010, 21:51pm hrs
Thomson Reuters launched Elektron, its next generation real-time network and hosting environment, in India to meet the strong demand for fast and cost-effective access to this important emerging market.

Working in collaboration with Netmagic Solutions Pvt. Ltd, the new facility at the Bombay Stock Exchange will provide co-location hosting with a managed application environment, low latency connectivity to local market data and access to the Elektron global real-time network.

By aligning with the Bombay Stock Exchanges data centre strategy, Thomson Reuters is able to extend its Elektron network within Asia, building on the launch of hosting sites in Tokyo, Hong Kong and Singapore announced earlier this year. This latest addition to the Elektron network delivers the fastest access to the Bombay Stock Exchange, reducing clients time to market, infrastructure footprint and maintenance costs by outsourcing parts of their development and data distribution capabilities to Thomson Reuters.

Thomson Reuters Elektron is a global, ultra-high speed network and hosting environment that enables financial firms to access and share information faster and more cost effectively. Hedge funds, asset managers, banks, brokerages, exchanges and other participants will for the first time, be able to connect to the worlds largest financial community and securely reach trading partners over the network.

Thomson Reuters will deploy its award winning direct feed technology for the Indian cash equity markets as well as providing access to their Elektron network of over three hundred electronic trading venues worldwide, global over-the-counter and news content.

Connection to the Bombay Stock Exchanges low latency feed will provide comprehensive real-time market data for all stocks listed on the exchange, including prices, indices and volume for up to five levels of market depth.