May 28, 2013
Thomson Reuters Launches Elektron Managed Services in Australia and China
NEW YORK, LONDON – Thomson Reuters today announced the launch of Elektron managed services in Australia and China to provide international and domestic financial institutions with cost-effective access to its real-time market data infrastructure and content. Elektron Managed Services gives clients the ability to scale their businesses rapidly and access low latency data and services while lowering the typical costs of deploying and managing equivalent solutions in-house.
Elektron Managed Services will be deployed in co-location with the Australian Securities Exchange (ASX) in Sydney as well as through a key financial services data-center facility in Shanghai to respond to market needs for increasingly sophisticated trading strategies and risk management solutions in local as well as international markets. The expansion of Elektron Managed Services into China and Australia further extends Thomson Reuters Elektron managed services centers in Asia-Pacific following launches in Hong Kong, Tokyo, Singapore, Taipei and Mumbai.
Elektron Managed Services in Shanghai will provide Chinese financial institutions with access to Thomson Reuters suite of real-time market data and application infrastructure to support domestic growth strategies. Thomson Reuters Elektron’s global footprint in international financial hubs will also facilitate the expansion of their overseas businesses at a time when the Renminbi is rapidly becoming one of the world’s major international currencies.
“Elektron Managed Services gives us the ability to rapidly scale our businesses and access a broad universe of data and services while lowering the typical costs of deploying and managing equivalent solutions in-house,” Said Qu Hongjie, executive director of China Equities & head of China Electronic Trading, UBS Securities.
The co-location facility at ASX’s state-of-the-art data center in Sydney provides financial institutions with high-speed and cost-effective connectivity to financial markets data to support programmatic trading strategies in Australia as well as a fully managed version of Thomson Reuters market-leading Enterprise Platform.
“ASX welcomes Thomson Reuters into the expanding financial community in the Australia Liquidity Centre (ALC),” said David Raper, ASX general manager, Trade Execution and Information Services. “Thomson Reuters Elektron will greatly extend the range of services and business opportunities available to the ALC community, particularly in terms of providing low-latency solutions to customers.”
"Speed, cost and agility continue to be key concerns to customers in a dynamically changing business environment as the Chinese and Australian trading and investment communities look to respond to the challenges and opportunities in front of them,” said Mike Powell, managing director, Elektron Managed Services, Thomson Reuters. “The launch of Elektron Managed Services in both Australia and China will help the local financial community in addressing these issues by meeting performance criteria while at the same time removing the cost and complexity of managing market data and application infrastructure. This is another key milestone in the expansion of our global Elektron network and a natural evolution of our established business in the Asia Pacific region.”
Thomson Reuters Elektron is a high performance, cross-asset data and trading infrastructure that connects financial institutions and trading venues across the world. Thomson Reuters Elektron provides real-time data from more than 400 markets, including exchanges, alternative trading venues 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 centers 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.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organisation. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com