November 17, 2014
Thomson Reuters Strengthens Customers' Ability to Adapt to New Industry Environment
London – Thomson Reuters today announced a significant expansion of the footprint of its Elektron suite of propositions, increasing its ability to support customers who are looking for new growth opportunities while also controlling their costs. It is increasing the number of points of presence for its consolidated, real time feed in both established and developing financial markets, as well as expanding the reach of its managed services proposition. In doing so, Thomson Reuters is strengthening a comprehensive system of advanced data supply and delivery for customers around the world.
Capital markets in developing financial centres continue to grow in sophistication as both local firms and international investors increase their activities there. Firms operating in developing markets now require access to a much broader and deeper set of market data than they have previously, and need it delivered at the latency levels of more established markets. At the same time, firms are having to evolve their strategies to suit the challenging new trading conditions experienced in established financial centres. Both situations are requiring financial institutions to become more agile as well as to keep tight control on costs.
Thomson Reuters has responded to these challenges by developing theElektron suite of propositions. Elektron powers customers’ enterprises and connects global markets. With the expansion announced today, Thomson Reuters is helping its customers make the fundamental changes to the way they operate that are necessary for them to compete in the new industry environment.
Elektron’s consolidated, real time feed provides customers with normalized, full-tick, depth-of-market data from exchanges around the world in a format that can be easily integrated into their proprietary and third party applications. While this is available to customers wherever they are, Thomson Reuters is increasing the number of locations where exchange data is collected and supplied locally. Customers operating in Johannesburg, Mumbai, Seoul and Toronto can now benefit from greater agility in data delivery, joining those in other leading financial centres of North America, Europe and Asia Pacific.
Elektron Managed Services gives customers 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. This equips them with the tools and services they need to support changing trading strategies. With new data centres in Mexico City and Toronto added to those in developing and established financial markets across the globe, such as Sao Paulo, Mumbai and Chicago, Thomson Reuters can now help more customers manage costs and run their operations worldwide.
“Our Elektron suite of propositions has been designed to support the evolving needs of the global financial services industry,” said Mike Powell, managing director for enterprise capabilities, Financial & Risk, Thomson Reuters. “The expansion we’re announcing today of both our Elektron feeds and Elektron Managed Services footprints brings advanced data technology to customers where they need it, via a choice of delivery options, performance and cost of ownership best suited to their specific business models. This footprint expansion is another step in our strategy to deploy Elektron in the world’s key financial centres, meeting our customers' current and future requirements.”
Elektron’s consolidated, real time feed is now available locally collected and delivered in Chicago, Frankfurt, Hong Kong, Johannesburg, London, Mumbai, New York, Seoul, Singapore, Sydney, Tokyo and Toronto.
Elektron Managed Services is now available in Chicago, Frankfurt, Hong Kong, London, Mexico City, Mumbai, New York, Sao Paulo, Shanghai, Singapore, Sydney, Taipei, Tokyo and Toronto.
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 organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.