SINGAPORE - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, announced today the launch of its industry leading market data services inside Singapore Exchange's co-location data centre. This will help provide local financial firms with access to high-performance, high-quality content while lowering their total cost of ownership.
Financial firms in Singapore, in common with the industry globally, are trying to develop agile business models that allow them to connect to new markets and find new trading opportunities quickly and easily. Continued growth from regional initiatives like ASEAN Link and increasing global trading volumes make access to high quality, timely market data critical. However, firms in Singapore often have small infrastructure footprints and the large market data requirements needed to access multiple markets around the world can put excessive strain on their resources.
Through the new Elektron Managed Services offering, customers who have their trading applications in the SGX Co-Location site will be able to access Thomson Reuters Elektron Real Time consolidated market data feed via a simple cross-connect. This lowers the requirements for costly infrastructure and provides Singapore-based firms with low-cost, high-quality, global market data to help power applications and inform their trading strategies.
Thomson Reuters also offers fully managed services for Singapore firms through its own locally-based Elektron Managed Services data centre. With this complemented by the new service within the SGX data centre and other data delivery options, Thomson Reuters can now support local firms' market data requirements whatever their operational strategy.
"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," said Paras Sidapara, global head of managed services, Financial & Risk, Thomson Reuters. "By offering real-time market data direct to customers inside the SGX data centre, they have access to the breadth of content needed to make informed trading decisions in a cost-effective and highly flexible way. The launch is a continuation of our efforts to support our customers' growth strategies throughout the Asia Pacific region."
Tinku Gupta, Head of Market Data & Access at SGX said "We welcome the addition of Thomson Reuters new Elektron Real Time consolidated market data feed to the suite of offerings and services at SGX Co-Location data centre. The introduction of the service will enrich and diversify the global market data options available for clients who are co-located with SGX."
Thomson Reuters offers Elektron Managed Services through a network of its own and exchange data centres across established and developing financial markets, including Chicago, Frankfurt, Hong Kong, London, Mexico City, Mumbai, New York, Sao Paulo, Shanghai, Singapore, Sydney, Tokyo and Toronto.
Thomson Reuters Elektron is a suite of propositions that power the enterprise and connect global markets. Elektron delivers low latency feeds from thousands of exchange-traded and OTC markets, along with analytics, a market data platform and transactional connectivity to support financial workflow applications. All of these capabilities can be deployed at a customer location or delivered as a fully managed service from any one of Thomson Reuters co-location and proximity hosting sites around the globe. Elektron also powers the Company's flagship desktop for financial services professionals, Thomson Reuters Eikon.
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.
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Source: Thomson Reuters Corporation via Globenewswire