Thomson Reuters Launches Elektron Managed Services in Taiwan
Investor interest in the fast-growing Taiwanese market has increased rapidly in recent years, driving market liquidity and seeing an expanding number of domestic and international firms adopting algorithmic trading. The financial community in Taiwan has been investing heavily in recent years to upgrade their infrastructure which has the potential to further fuel this growth. The launch of the new Elektron Managed Services centre in Taipei further expands the Elektron global footprint to meet fast-growing market demand. In Asia, Elektron Managed Services is already available in Tokyo, Hong Kong, Singapore, and Mumbai.
Thomson Reuters Elektron Managed Services provides high-quality, market data and high-performance delivery together with the relevant tools and services to support the evolving trading strategies and risk management requirements of local market participants. It will enable firms to access both low-latency market content as well as global, cross-asset real-time data, news and reference data either through a direct cross-connection to their applications within the data centre, or via local last mile connectivity options to their existing locations. Elektron Managed Services improves customers’ ability to rapidly scale their business and access a broader 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 concerns to customers in a dynamically changing business environment as the Asian 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 Taiwan will help the local financial community in addressing these issues by meeting performance criteria but 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 as we look to support our customers’ changing needs.”
Thomson Reuters Elektron is a high performance, cross-asset data and trading infrastructure that connects financial institutions and trading venues across the world. It distributes real-time data from over 350 exchange-traded 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 in financial 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.