October 17, 2017

Thomson Reuters Drives Lower Total Cost of Ownership with Launch of Elektron Direct Feed for OPRA

Feed lowers costs by reducing need for costly server expansion

NEW YORK Thomson Reuters has launched Elektron Direct Feed (EDF) for the Options Price Reporting Authority (OPRA), reducing client costs by providing seamless access to the largest securities information services provider without the need for additional server capacity.  EDF replaces our current direct feed offering, TRDFD.

Feeds from OPRA can be particularly burdensome for an institution’s server capacity.  EDF is designed to deliver millions of updates per second in real-time in a zero footprint solution.  A key differentiator of EDF is that it is fully managed by Thomson Reuters as part of its Elektron as a Service offering.  This relieves financial institutions of having to manage exchange data and content, thus providing users with a lower cost of ownership.  Existing applications, currently using standard Elektron APIs, can now be powered by Direct Feed content.  TR expects to replaces other TRDFD installations with similar EDF technology in the future.

Elektron Direct Feed is a low latency feed hander that delivers data on an exchange-by-exchange basis.  EDF is designed to meet customers’ requirements for direct exchange feeds, where minimizing latency and on-site technology is of the utmost importance.  To bring this offering to market, Thomson Reuters has partnered with Celoxica to create the Elektron Direct Feed – OPRA.  By using Celoxica’s FPGA technology to power EDF, combined with our industry leading Enterprise Platform (TREP), Thomson Reuters has created a product that will help meet the demands of the market for today and the future.

“Elektron Direct Feed delivers the content and flexibility the financial industry seeks while reducing the need for costly expansion of server capacity,” said Brennan Carley, global head, Enterprise Proposition and Product, Thomson Reuters. “As we continue to serve all aspects of the market, this is just one solution in our Elektron Data Platform that gives traders and investment professionals the data and tools they need to make quick and informed decisions that add value to their clients.”    

Elektron Data Platform is a fully integrated, open platform that delivers data, capabilities and offers analytics to reveal new connections and insights – helping you make smarter, faster and safer decisions. It is designed to offer customers choices with either  low latency offering with Elektron Direct Feed or our high performance Elektron Real Time (ERT) consolidated feed offering, Historical Data and Reference data.  ERT offers access to content sourced from thousands of exchanges and OTC-traded markets, covering well over 60 million instruments all via a common symbology and high performance delivery. More on Thomson Reuters Elektron Data Platform can be found here.

The Options Price Reporting Authority (OPRA) disseminates consolidated last sale and quotation information originating from the national securities exchanges that have been approved by the Securities and Exchange Commission to provide markets for the listing and trading of exchange-traded securities options.

Thomson Reuters

Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.

About Celoxica

Celoxica is a leading provider of hardware accelerated low-footprint, ultra low latency market data, order entry and risk trading solutions for the global financial services industry.  Headquartered in the UK with offices in Chicago and New York, Celoxica delivers trading solutions to automated trading firms, banks and brokers seeking to optimize the performance of their trading applications across multiple asset classes in all market conditions, whilst reducing their total cost of ownership.



Brian Bertsch