Published On: Sun, Jun 2nd, 2013

Thomson Reuters Launches Elektron Managed Services in Australia in Co-Location with ASX

Mike Powell, MD, Elektron Managed Services, Thomson Reuters

Mike Powell, MD, Elektron Managed Services, Thomson Reuters

Thomson Reuters announced May 27 the launch of its Elektron managed
services in Australia in co-location with the Australian Securities Exchange (ASX). The move further extends Thomson Reuters Elektron managed services network in Asia following launches in Hong Kong, Tokyo, Singapore, Taipei and Mumbai. Thomson Reuters will deploy Elektron Managed Services within the co-location facility at ASX’s state-of-the-art data centre in Sydney, providing local and international financial institutions with high-speed and cost-effective connectivity to financial markets data to support programmatic trading strategies in Australia.

“ASX welcomes Thomson Reuters into the expanding financial community in the Australia Liquidity Centre (ALC),” said David Raper, ASX General Manager Trade Execution and Information Services.

“Thomson Reuters Elektron will greatly extend the range of services and business opportunities available to the ALC community, particularly in terms of providing low-latency solutions to customers.”

The launch of Thomson Reuters Elektron Managed Services in Australia responds to the need for increasingly sophisticated trading strategies and risk management solutions in local as well as international markets. It will enable firms to access both low-latency market content in addition to global, cross-asset, real-time data, news and reference data as well as a fully managed version of Thomson Reuters Enterprise Platform. Elektron Managed Services gives clients the ability to rapidly scale their businesses and access a broad universe of data and services while lowering the typical costs of deploying and managing equivalent solutions in-house.

“Speed, cost and agility continue to be key drivers for the Asia Pacific trading community in its quest to secure revenue and generate new income,” said Mike Powell, managing director, Elektron Managed
Services, Thomson Reuters. “The launch of Elektron Managed Services in Australia is a continuation of our strategy to set new performance benchmarks for market connectivity and to support our customers’ growth strategies throughout the region. We are therefore delighted to be working with the ASX to help the financial community meet performance criteria and remove the cost and complexity of managing market data and application infrastructure. The launch of this service is another milestone in the expansion of our global Elektron network and a natural evolution of our business in the Asia Pacific region.”

Thomson Reuters Elektron is a high performance, cross-asset data and trading infrastructure that connects financial institutions and trading venues across the world. Thomson Reuters Elektron provides real-time and historical data from more than 400 markets, including exchanges, alternative trading venues and OTC markets, to trading and investment applications, systematic and algorithmic trading engines and desktops such as Thomson Reuters Eikon. With co-location and proximity hosting sites infinancial centres globally, Elektron provides low-latency market access and a full range of managed services, including those for key proprietary and third-party data and trading applications.

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