Thomson Reuters Launches Next Generation Data Distribution Network
Thomson Reuters has launched Elektron, its next generation data distribution network. Elektron is a global, ultra-high speed network and hosting environment that enables financial firms to access and share information faster and more cost effectively. Hedge funds, asset managers, banks, brokerages, exchanges and other participants will be able to connect to the world’s largest financial community and securely reach trading partners over the network.
Thomson Reuters Elektron enables firms to trade faster, using a full coverage of real-time financial information available, connect to more markets and interact freely across a global, resilient and secure cloud. Firms of all sizes will benefit from significantly lower operational costs and reduced time to market, plus the opportunity for the open exchange of data, transactions and new business opportunities.
Jon Robson, president, enterprise, Thomson Reuters, said: “This is a time of extraordinary innovation for Thomson Reuters, our customers and our partners, as together we respond to and shape a rapidly evolving financial marketplace. Elektron is designed to enable this innovation. It marks a step-change in empowering customers, enabling them to innovate and connect to the markets and to each other across a neutral, global and content rich infrastructure. 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. 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.”