Thomson Reuters starts offering Elektron Managed Services in SGX data centre
Thomson Reuters Corp (NYSE:TRI) has teamed up with Singapore Exchange Limited (SGX:S68), to provide its market data services inside SGX’s co-location data centre.
The partnership is announced as financial firms in Singapore, in tune with the industry worldwide, are seeking to develop agile business models that enable them to connect to and access new markets. Such pursuits make access to high quality, timely market data crucial.
Owing to the new Elektron Managed Services offering, customers who have their trading applications in the SGX Co-Location site will have access to Thomson Reuters Elektron Real Time consolidated market data feed through a simple cross-connect.
On top of that, Thomson Reuters already offers fully managed services for Singapore firms via its own locally-based Elektron Managed Services data centre.
“Elektron Managed Services gives customers the ability to scale their businesses rapidly and access low-latency data and services while lowering the typical costs of deploying and managing equivalent solutions in-house,” said Paras Sidapara, global head of managed services, Financial & Risk, Thomson Reuters.
“By offering real-time market data direct to customers inside the SGX data centre, they have access to the breadth of content needed to make informed trading decisions in a cost-effective and highly flexible way. The launch is a continuation of our efforts to support our customers’ growth strategies throughout the Asia Pacific region.”
Tinku Gupta, Head of Market Data & Access at SGX said “We welcome the addition of Thomson Reuters new Elektron Real Time consolidated market data feed to the suite of offerings and services at SGX Co-Location data centre. The introduction of the service will enrich and diversify the global market data options available for clients who are co-located with SGX.”