Bombay Stock Exchange market data made available through Thomson Reuters

Source: Thomson Reuters

Thomson Reuters today announced the release of a new low latency solution for the Bombay Stock Exchange (BSE).

Through the agreement, BSE-listed equities market data will be made available for the first time on a low latency direct feed in support of the introduction of direct market access trading recently announced by Securities Exchange Board of India (SEBI).

Utilizing Reuters Data Feed Direct, clients can access BSE's Low Latency Feed (LLF), providing comprehensive real-time market data for all BSE-listed stocks, including prices, indices and volumes up to five levels.

BSE clients can connect from their own data centre or using either Thomson Reuters hosted service in combination with industry leading Reuters Market Data System, or its strategic application programming interfaces directly. This allows BSE clients to build proprietary trading applications that will lead to more insightful trading decisions.

Mr. Mahesh Soneji, BSE officiating Managing Director & CEO, said: "The Introduction of Low Latency Feed by BSE is significant considering the fact that SEBI has permitted Direct Market Access (DMA) to institutions across the globe through BSE Member Brokers. Moreover, the Indian economy is projected to grow at a rate of over 7%, even during the current crisis, and the interest for Indian stocks among global institutions has sustained reasonably and from this perspective, the Thomson Reuters solution comes at an opportune time."

Mike Powell, Global Head of Enterprise Information, Thomson Reuters, said: "We are seeing increased requirements from buy and sell-side clients for high performance light touch solutions in order to fully leverage latency as a competitive advantage. By bringing the first fully managed low latency direct feed for BSE-listed equities to the market, Thomson Reuters is re-enforcing the increasingly important role India has to play in the Asian and global trading landscape."

The Bombay Stock Exchange (BSE) joins Thomson Reuters community of over 50 premium low latency venues available via direct exchange connectivity, in addition to more than 300 markets available via its leading, real-time feed solutions.

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