Thomson Reuters has expanded its next-generation consolidated feed, Elektron Real Time, to Frankfurt to provide regional market participants with full tick depth-of-market data from multiple venues around the world.
The development is the next step in the Company's plans to roll the new high-performance feed out globally, following deployment in London, New York, Chicago and Tokyo.
Frankfurt is one of the largest centres for the European derivatives and cash markets and its local venues see significant volumes via their high-performance matching engines. Local market participants therefore have demanding performance requirements due to the bandwidth intensive nature of derivatives data and latency-sensitive trading strategies.
Elektron Real Time has been specifically designed to address these needs. By leveraging Elektron's high-performance, distributed, global architecture, Elektron Real Time enables local participants to source broader and deeper local and global content with significantly lower latency to make informed trading decisions. Thomson Reuters has been delivering real time consolidated feeds for over 20 years on a global basis and plans to roll-out the next generation Elektron Real Time feed worldwide.
"Frankfurt is seen as the heart of the European derivatives market which requires large amounts of data to be delivered at high speed. Elektron Real Time really makes a step change for our customers in terms of speed of data delivery and the breadth and depth of content available to make trading decisions," said Ralf Roth, head of equities, feeds and platform at Thomson Reuters. "From initial tests, customers upgrading from our legacy feeds in Germany can expect to see significant latency improvements for market data feeds. Elektron Real Time can therefore deliver a very real market advantage, ensuring professionals get the right data at the right time."
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 low latency 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.