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Thomson Reuters adds Singapore Exchange feed to exchange data service

28 May 2008  |  5612 views  |  0 Source: Thomson Reuters

Thomson Reuters (NYSE: TRI; TSX: TRI; LSE: TRIL; Nasdaq: TRIN), the world's leading source of intelligent information for businesses and professionals, today announced the Singapore Exchange (SGX) has joined its global portfolio of ultra-low latency direct exchange interfaces.

The Reuters Data feed Direct (RDFD) for equities listed on SGX will be available in July. The RDFD will enable firms to gain competitive advantage through program trading strategies that can consume data and execute trades more quickly.

The RDFD, the company's flagship direct exchange integration platform data feed was recently awarded the industry's premier performance nomination for best low latency product 2008. The award is presented annually by Inside Market Data to provide recognition of excellence within market data, reference data and enterprise data management.

By using the strategic Thomson Reuters Application Programming Interfaces and unified market data symbology, SGX clients can build proprietary trading applications that can gauge the level of activity for individual stocks through real-time analysis of the number of shares available at each buy and sell price levels. This will lead to more insightful trading decisions.

SGX disseminates equities market data via a dedicated vendor feed called the Securities Book. The SGX Securities Book provides comprehensive real-time tick by tick market data for all SGX-listed stocks, including prices, indices and volumes up to 50 levels. It connects to the SGX trading engine in order to provide the best available liquidity through comprehensive market depth data to market participants.

Mr Lai Kok Leong, SGX Vice President & Head, Data Services, said: "SGX is pleased to work with Thomson Reuters to provide this low latency information solution. This is part of our commitment to meeting the needs of customers who are looking for a managed service to do algorithmic trading in SGX stocks."

Peter Reilly, Head of Real-time Enterprise Information, Thomson Reuters Asia said: "By bringing the first fully managed ultra-low latency direct feed for SGX-listed equities to the market, Thomson Reuters is re-enforcing the increasingly important role Singapore has to play in the Asia and global algorithmic trading space, across both the sell-side and increasingly the buy- side."

Reilly added "We are seeing more and more requirements from hedge funds for high performance light touch solutions in this space in order to fully leverage latency as a competitive advantage. Managed service direct feed offerings are resonating very well with our small to medium sized emerging high-frequency hedge fund customers, as well as the sell-side through hedge fund hotel strategies".

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