Thomson Reuters has launched Elektron in India. Working in collaboration with Netmagic Solutions Pvt. Ltd, the new facility at the Bombay Stock Exchange will provide co-location hosting with a managed application environment, low latency connectivity to local market data and access to the Elektron real-time network.
By aligning with the Bombay Stock Exchange’s data centre strategy, Thomson Reuters is able to extend its Elektron network within Asia, building on the launch of hosting sites in Tokyo, Hong Kong and Singapore announced earlier this year. This latest addition to the Elektron network will deliver fast access to the Bombay Stock Exchange, reducing client’s time to market, infrastructure footprint and maintenance costs by outsourcing parts of their development and data distribution capabilities to Thomson Reuters.
Mike Powell, Global Head of Enterprise Real Time Solutions, Thomson Reuters, said: “Financial institutions are becoming increasingly sophisticated in their trading strategies for the Indian market and this is driving demand for our low latency solutions. We are therefore delighted to be working with the Bombay Stock Exchange and Netmagic to facilitate improved access for trading participants as we look to set new performance benchmarks for market connectivity and managed services across the region through the Elektron cloud.”
Sharad Sanghi, Managing Director and CEO of Netmagic Solutions, said: “We are excited to collaborate with Thomson Reuters to deliver our best in class managed services to support mission critical environments of the financial community. As a part of this agreement customers will be able to access Thomson Reuters Elektron services across all our carrier neutral data centres in India.”
Madhu Kannan, Bombay Stock Exchange Managing Director and CEO, said: “This is an exciting new initiative for the Indian financial market as we announce our new co-location strategy with the aim of supporting our customers’ evolving trading strategies. We are also pleased to be working with a global partner such as Thomson Reuters and the Elektron network as we share the goal to deliver world class services to our mutual client base.”
Source:http://www.automatedtrader.net/headlines/55166/thomson-reuters-launches-elektron-in-india
