Thomson Reuters Launches Elektron Managed Services in China
Thomson Reuters today announced the launch of Elektron managed services in Shanghai to provide international and domestic financial institutions with cost-effective access to its real-time market data infrastructure and content. Elektron Managed Services will be deployed in proximity to key financial markets through a data-center facility in Shanghai and will provide firms with access to low-latency market content in addition to global, cross-asset, real-time data, news and reference data, as well as access to a fully managed version of Thomson Reuters Enterprise Platform. The provision of this information will be supported by end-to-end performance monitoring and service management. Customers may co-locate their applications within the facility for even faster access to data and services.
Liu Wenjun, Manager of Shanghai Stock Communication Marketing Department said, “We welcome the introduction of Thomson Reuters Elektron in China as it will greatly extend the range of services and business opportunities available to the trading community. In particular, the platform will provide rapid and low-cost access to essential trading data.”
The launch of Elektron Managed Services in China responds to the need for increasingly sophisticated trading strategies and risk management solutions in local as well as international markets, at a time when the Renminbi is rapidly becoming one of the major international currencies. Elektron Managed Services will also enable Chinese financial institutions to facilitate the expansion of their overseas businesses by leveraging Thomson Reuters Elektron’s global footprint in international financial hubs.
“Speed, cost and agility continue to be key concerns to customers in a dynamically changing business environment as the Chinese trading and investment community looks to respond to the challenges and opportunities in front of them,” said Mike Powell, managing director, Elektron Managed Services, Thomson Reuters. “The launch of Elektron Managed Services in China will help the local financial community in addressing these issues by meeting performance criteria while at the same time removing the cost and complexity of managing market data and application infrastructure. This is another key milestone in the expansion of our global Elektron network and a natural evolution of our established business in the Greater China Region.”
Qu Hongjie, UBS Executive Director of China Equitites & Head of China Electronic Trading said, “Elektron Managed Services gives us the ability to rapidly scale our businesses and access a broad universe of data and services while lowering the typical costs of deploying and managing equivalent solutions in-house.”