Thomson Reuters Launches Elektron at the National Stock Exchange of India
Thomson Reuters announced September 8 the launch of Elektron at the National Stock Exchange of India (NSE), to provide trading firms with low latency access to the data that they require to fuel algorithmic trading strategies.
Based at the NSE’s co-location facility in Mumbai, the new Elektron data solution will deliver high speed connectivity to the exchange’s data. Progressively, firms will have access to global, cross-asset coverage for over 350 exchange and OTC markets, as well as the fastest access to market-moving machine readable news.
Algorithmic trading has grown rapidly in India and analysts estimate that by the end of 2012 the levels of algorithmic cash equity trading in India are expected to be more than 20% of the overall trading volumes in the Asia Pacific region. As domestic and foreign firms increasingly adopt algorithmic trading in India, they will require comprehensive, high-quality real-time data to power their trading strategies.
Terry Roche, global head of Enterprise Solutions real-time, Thomson Reuters, said: “This arrangement illustrates Thomson Reuters commitment and strength in delivering low latency solutions to exchanges and their trading customers. With Elektron, we continue to bring together global market participants and deliver world-class content and a suite of value-added solutions that further empower this community. We are delighted to be working with the National Stock Exchange of India to address the requirements of our collective clients for high-performance, light-touch data solutions.”
The National Stock Exchange joins the Elektron community of over 80 premium low latency venues available via direct exchange connectivity, in addition to more than 350 markets available via its leading, real-time feed solutions.