Thomson Reuters launches Elektron services in China and Australia
Thomson Reuters has rolled out its Elektron managed data services in China and Australia. The service will be deployed in co-location with the Australian Securities Exchange in Sydney as well as through a data centre in Shanghai, China.
“Elektron Managed Services gives us the ability to rapidly scale our businesses and access a broad universe of data and services while lowering the typical costs of deploying and managing equivalent solutions in-house,” Said Qu Hongjie, executive director of China equities and head of China electronic trading at UBS.
Thomson Reuters is also targeting Chinese financial institutions that are expanding their overseas businesses as the Chinese government continues its path towards making the renminbi a major global currency. The service is already available in Hong Kong, as well as other Asia Pacific markets Tokyo, Singapore, Taipei and Mumbai.
“Speed, cost and agility continue to be key concerns to customers in a dynamically changing business environment as the Chinese and Australian trading and investment communities look to respond to the challenges and opportunities in front of them,” said Mike Powell, managing director, Elektron managed services, Thomson Reuters. “The launch of Elektron Managed Services in both Australia and China will help the local financial community in addressing these issues by meeting performance criteria while at the same time removing the cost and complexity of managing market data and application infrastructure.”
Elektron is a cross-asset data and trading infrastructure that gathers data from 400 markets, including exchanges, alternative trading systems and OTC markets.