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The following content is from an older version of this website, and may not display correctly.Global financial market data giant Thomson Reuters has unveiled a new offering for firms in the finance vertical. It co
nsists of hosting services at data centers around the world, connected by a high-speed network, that allow clients to share and access market data.
The company says its new Elektron network enables companies to trade faster, using extensive real-time financial information, over a secure global cloud.
"We are responding to the needs of a new era in the financial industry, one which requires that all participants benefit from increased transparency and equal access to markets," President of Thomson Reuters' Enterprise division Jon Robson said in a statement.
"Firms of all sizes will be able to connect via Elektron, benefiting from greater speed, lower operating costs and flexibility that will enable the markets to work and evolve freely."
The offering has been launched at data centers in New York, Chicago, London, Frankfurt, Tokyo and Singapore, operated by Savvis, with whom TR made a colocation agreement for the hosting platform in the second half of 2009.
Data centers in Hong Kong, India and Brazil are expected to be added later this year.
Capabilities the network gives participants include ability to publish messages and content directly between counterparties, subscriptions to service providers' analytics, algorithms, risk models and post-trade facilities and reference-data resources.
Electron is fully compatible with the company's existing middleware, metadata and commercial model and companies that have built applications on its market-data system can move these applications to Elektron seamlessly, according to TR.
The provider said benchmark testing of the network concluded that it delivered information "up to 20 times faster than traditional aggregated data networks."
The company did not further specify characteristics of the networks it used for comparison.
nsists of hosting services at data centers around the world, connected by a high-speed network, that allow clients to share and access market data.
The company says its new Elektron network enables companies to trade faster, using extensive real-time financial information, over a secure global cloud.
"We are responding to the needs of a new era in the financial industry, one which requires that all participants benefit from increased transparency and equal access to markets," President of Thomson Reuters' Enterprise division Jon Robson said in a statement.
"Firms of all sizes will be able to connect via Elektron, benefiting from greater speed, lower operating costs and flexibility that will enable the markets to work and evolve freely."
The offering has been launched at data centers in New York, Chicago, London, Frankfurt, Tokyo and Singapore, operated by Savvis, with whom TR made a colocation agreement for the hosting platform in the second half of 2009.
Data centers in Hong Kong, India and Brazil are expected to be added later this year.
Capabilities the network gives participants include ability to publish messages and content directly between counterparties, subscriptions to service providers' analytics, algorithms, risk models and post-trade facilities and reference-data resources.
Electron is fully compatible with the company's existing middleware, metadata and commercial model and companies that have built applications on its market-data system can move these applications to Elektron seamlessly, according to TR.
The provider said benchmark testing of the network concluded that it delivered information "up to 20 times faster than traditional aggregated data networks."
The company did not further specify characteristics of the networks it used for comparison.