Elektron Real Time
Thomson Reuters Elektron Real Time is a low-latency consolidated global data feed that delivers full tick, depth-of-market data; helping customers to source better quality information and minimize the total cost of ownership of their real time infrastructures.
Elektron Real Time improves the accuracy, breadth and depth of content that Thomson Reuters delivers, providing a step change in the latency of data distribution by leveraging a truly distributed global architecture. The new feed infrastructure is also sufficiently flexible to accommodate any quality-of-service requirement and is built on a unified and extensible data model to make content easier to on-board and integrate into downstream applications. To simplify the process to switch to this new feed, Thomson Reuters provides customers with a choice of last mile connectivity to optimize communications costs.
Elektron Real Time revolutionizes the way that global data is sourced and delivered by moving to a truly distributed global architecture, supported by data centers in the world’s key financial centers. Turnaround of data collected and distributed locally delivers data within 4milliseconds to the local market. To further enhance performance, Elektron Real Time leverages a binary encoded, bandwidth optimized wire protocol that reduces message sizes by up to 50% and is much more efficient to process.
With a completely open and extensible message model, Elektron Real Time supports more complex and varied data types, including bespoke trade status indicators, full depth-of-market order book data or even exchange timestamps with millisecond precision.
Elektron Real Time delivers market-by-price full depth of book for global venues. The extensible nature of OMM also makes it easier and quicker for Thomson Reuters to on-board new content, both from exchanges and other sources.
Based on a unified and extensible data model, all of the message fields that are common across exchange feeds will be managed using consistent field identifiers, making it easier for customers to integrate Elektron Real Time content into their chosen workflow applications. Elektron Real Time also provides full backwards compatibility with legacy data models for ease of migration.
Elektron Real Time accommodates any content and quality-of-service requirement—from low latency, full tick, depth-of-market data for use in algorithmic trading; through to conflated real time data for display purposes. This helps customers consolidate their data services and minimize connectivity costs with a complete choice of last mile connectivity and service delivery options, including a compression-enabled service that delivers the same content with 33 percent less bandwidth than our default delivery option. Elektron Real Time provides customers with the option for either Thomson Reuters last mile managed comms or to provide their own.
- Lower latency delivery
- Greater flexibility and precision
- Broader and deeper coverage
- Normalized data model for easier to Integrate
- Lower TCO