Thomson Reuters Launches Elektron at the National Stock Exchange of India

Thomson Reuters has launced Elektron at the National Stock Exchange (NSE) of India (NSE), to provide trading firms with low-latency access to the data that they require to fuel algorithmic trading strategies.
Based at the NSE's co-location facility in Mumbai, the new Elektron data solution will deliver high-speed connectivity for the exchange's data.
Progressively, firms will have access to global, cross-asset coverage for over 350 exchange-based and OTC markets, as well as the fastest access to market-moving machine readable news.
Algorithmic trading has grown rapidly in India and analysts estimate that by the end of 2012 the levels of algorithmic cash equity trading in India are expected to be more than 20% of the overall trading volumes in the Asia Pacific region.
Terry Roche, global head of enterprise solutions real-time at Thomson Reuters, says the arrangement illustrates Thomson Reuters' commitment and strength in delivering low-latency solutions to exchanges and their trading customers.
The National Stock Exchange joins the Elektron community of over 80 low-latency venues available via direct exchange connectivity, in addition to more than 350 markets available via its real-time feed solutions.
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