Thomson Reuters may have lost its crown in the best low-latency data feed provider category to ICE Data Services (previously known as Interactive Data) over the past two years, but the data giant has upped its game to reclaim its position in the winners’ circle at this year’s Waters Rankings.
The importance of speed to capital markets firms can never be underestimated. Although there are always going to be traders who, by the very nature of the products and markets they are active in, aren’t concerned with the fastest technology and connections available, obtaining the latest and most relevant data with the minimum of latency will always be preferable.
Thomson Reuters knows this better than most firms and continues to upgrade its data feed offering in terms of breadth of coverage, speed of delivery, and ease of access in the face of ever-evolving industry needs. According to Burton-Taylor International Consulting, global spending on market data, analysis and news topped $27 billion for the first time in March this year, driven by increasing demand for pricing and reference data to support regulatory reporting and compliance, as well as the ongoing trend away from terminals to enterprise data feeds.
In response, Thomson Reuters took the step to make its Regulatory Intelligence Feeds available via a single consolidated feed and interface, which provides regulatory alerts from more than 750 global regulators, with notifications delivered up to three times per day. The move was aimed at making it easier for compliance teams to manage the growing volume of information from regulators and ensure that they are incorporating the latest information into their risk mitigation decisions.
The vendor has focused on increasing the frequency at which it distributes market data updates on currency pairs traded on its Matching platform, via a new Matching Binary Multicast Feed that is 10 times faster than the current 250 milliseconds intervals previously available for matching data, included as part of Thomson Reuters’ new Specialized Real-Time Matching Market Data proposition.
Connectivity to the feed is available via Equinix’s LD4 datacenter in Slough, one of three new datacenter locations Thomson Reuters took space in during April last year, alongside similar facilities in New York (NY4) and Tokyo (TY3), aimed at improving the vendor’s pricing, market access and workflow for its foreign-exchange market users. In addition, Thomson Reuters also extended its continuous streaming price service to London and Tokyo, meaning that liquidity providers based in Europe and Asia can improve latency for streaming real-time prices to local clients.
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails