Thomson Reuters today announced that its Elektron high-performance trading and data infrastructure has been selected by Dow Jones Indexes to power the index provider's US index data business, which includes the iconic Dow Jones Industrial Average.
Elektron will deliver a comprehensive data solution designed to ensure scalability, robustness and performance for Dow Jones Indexes' real-time US index-data business. The Elektron data integration and distribution solution includes low-latency direct feeds for US index constituent prices along with corporate actions and company fundamentals to support intelligent research and market-moving index calculations.
The deal expands the existing collaboration between the two companies - Thomson Reuters currently supplies real-time data for Dow Jones Indexes' international indexes.
"The Dow Jones Industrial Average has been the leading benchmark index for US equity markets for more than a century. It is a privilege to be selected as a provider of next generation data solutions to power Dow Jones Indexes US indexes in this era of high performance trading," said Ralf Roth, managing director, Elektron Feeds and Platform, Thomson Reuters. "The extension of our relationship with Dow Jones Indexes underscores the investment that has gone into ensuring that Elektron delivers the scalability, robustness and performance required to power vital pieces of market intelligence."
Dow Jones Indexes' President, Michael A. Petronella, said: "We are always searching for the latest technology to ensure we are providing the most scalable, robust and lowest-latency architectures. Once we made the decision to re-evaluate our vendor relationships as part of a broader technology review, Thomson Reuters clearly demonstrated that Elektron could deliver on all of our performance criteria."