24 April 2018
visit www.ebaday.com

Thomson Reuters unveils high-speed global network

20 April 2010  |  8587 views  |  0 globe

Thomson Reuters has unveiled a global high-speed data distribution network and hosting environment designed to enable financial firms around the world to access and share information.

The firm says Elektron will let hedge funds, asset managers, banks, brokerages and exchanges connect to a worldwide financial community and securely reach trading partners.

The fibre-optic network taps strategically located proximity and co-location hosting centres, initially in New York, Chicago, London, Frankfurt, Tokyo and Singapore. Later this year more centres are set to open in Hong Kong, India and Brazil.

Using the open and neutral network, clients, exchanges, brokers and other liquidity providers will be able to publish messages and content directly to their discrete counterparties and subscribe to service providers' analytics, algorithms, risk models, as well as post trade facilities and reference data resources.

This will help firms to trade faster, connect to more markets and interact freely across a global and secure cloud, says Thomson Reuters. In addition, the network's users will see operational costs fall and reduced time to market.

Thomson Reuters says benchmark testing indicates that Elektron delivers information up to 20 times faster than traditional aggregated data networks. The vendor claims that clients that have already moved their financial applications into the Elektron hosting centres have experienced significant cost reduction and superior performance.

Commenting on the network, Jon Robson, president, enterprise, Thomson Reuters says: "It marks a step-change in empowering customers, enabling them to innovate and connect to the markets and to each other across a neutral, global and content rich infrastructure. We are responding to the needs of a new era in the financial industry, one which requires that all participants benefit from increased transparency and equal access to markets."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Thomson Reuters turns to the Web for markets overhaul

Thomson Reuters turns to the Web for markets overhaul

14 April 2010  |  10555 views  |  0 comments
Thomson Reuters Q4 profit tumbles; firm claims to have hit sales 'bottom'

Thomson Reuters Q4 profit tumbles; firm claims to have hit sales 'bottom'

24 February 2010  |  6906 views  |  0 comments
Glocer claims 'uptick' in sales at Thomson Reuters

Glocer claims 'uptick' in sales at Thomson Reuters

27 January 2010  |  5218 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://response.ncr.comVisit http://wup.digitalVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
13886 views comments | 20 tweets | 28 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
11099 views comments | 18 tweets | 32 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
8970 views comments | 26 tweets | 36 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
8300 views comments | 20 tweets | 36 linkedin
hands typing furiouslyUX Design Guide: 7 Steps to Make Digital B...
8193 views 0 | 36 tweets | 24 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job