Thomson Reuters’ Elektron infrastructure for market data has been attracting trading venues and brokers since it was officially unveiled in mid-April this year. In tandem with a number of expanded features—in other data services—the provider was adjudged winner of the best low-latency data feed category in the Waters Rankings 2010. Thomson Reuters has been supplying an ever-increasing number of European traders with its low-latency feed—many of whom are members of Bats Europe, which implemented the vendor’s pan-European low-latency direct feed in late July—through its Elektron hosting facility in London. Thomson Reuters rolled out its Elektron initiative in order to leverage its direct feeds infrastructure, its network of hosted service centers within Savvis datacenters, and a global distribution layer based on its RMDS data platform. Elektron handles IDN-style messages through a hub-and-spoke data model that offers more fields and capabilities on the same infrastructure. Users are seeing a 20-fold improvement in the time needed to provide data to firms located in proximity to data sources, say Thomson Reuters officials.
1 Thomson Reuters (33.5%)
2 Bloomberg (30%)
3 Activ Financial (16.4%)
The guys talk about Dan’s feature and Anthony’s trip to Florida for the industry’s biggest futures conference.Subscribe to Weekly Wrap emails