Thomson Reuters extends Elektron footprint to include support for Opra
14 July 2015 | 1687 views | 0
Source: Thomson Reuters
Thomson Reuters has today announced that it has expanded its Elektron Direct Feed service to include the Options Price Reporting Authority (OPRA).
This provides customers with high-performance access to real-time options data with a low hardware footprint.
Financial services firms are increasing their investment in low-latency feeds as speed is becoming less of a differentiator and more a core component of market data infrastructure. This can create a challenge, however, as many are at the same time looking to reduce their total cost of ownership. Feeds from OPRA in particular can present server capacity - and therefore investment - challenges owing to the amount of data they carry.
Elektron Direct Feed was launched by Thomson Reuters in August 2014 to help address this challenge. As a hardware/software hybrid based on FPGA technology, it can run multiple feeds on a single server whilst providing a reliable, deterministic and configurable feed. Elektron Direct Feed delivers the content its users require whilst also accommodating current and future update rates, all the while minimising costly server footprint expansion.
“This extension of our direct feed service to cover key US options data is part of our ongoing process to provide customers with the data they need in the latency profile and delivery mechanism that suits them,” said Mike Powell, managing director for enterprise capabilities, Financial & Risk, at Thomson Reuters. “As market participants continue to keep a tight focus on cost whilst seeking the flexibility to go after new opportunities, we will maintain our own focus on finding new solutions to our clients’ market data challenges.”