Launches market data services in Singapore Exchange’s colocation data center .
Thomson Reuters has launched its Elektron Managed Services from the Singapore Exchange (SGX) co-location data center. This opens an additional option for businesses looking to access low-latency data and services at a lower cost and reduced complexity.
Thomson Reuters already has its own Singapore-based data center to offer the Elektron suite of managed services, but the latest development means that customers who are already based in the SGX co-location site will be able to access its Elektron Real Time consolidated market data feed via a simple cross-connect.
SGX Centre Singapore
Source: Nicolas Lannuzel / Wikipedia
Aside from Singapore, Thomas Reuters also provides Elektron Managed Services in data centers in Chicago, Frankfurt, Hong Kong, London, Mexico City, Mumbai, New York, Sao Paulo, Shanghai, Sydney, Tokyo and Toronto.
The Singapore data center market is growing in tandem with the city state’s aspiration to be a financial hub. Data centers consume 6.9 percent of the total energy use in Singapore, far above the global average of between 1 and 2 percent. Singapore faces competition from Hong Kong, another financial hub in the region that is also favored by Chinese Internet giants looking to establish a presence outside the firewall of China.
“We welcome the addition of Thomson Reuters’ new Elektron Real Time consolidated market data feed to the suite of offerings and services at SGX colocation data center,” said Tinku Gupta, head of market data and access at SGX in a statement. “The introduction of the service will enrich and diversify the global market data options available for clients who are co-located with SGX.”
The SGX closed for almost three hours late last year after its system failed to cope with a voltage fluctuation caused by a lightning strike. An independent investigation whose report was released around the middle of this year determined that the outage was caused by a design flaw in its electrical system.
You can read more about it in “Lessons from the Singapore Exchange failure.”