09.24.2013

Asia-Pac Buildouts Continue

09.24.2013
Terry Flanagan

Thomson Reuters has introduced its next-generation consolidated feed, Elektron Real Time, to new locations in Asia.

Launched this month in Sydney, Hong Kong and Singapore, Elektron Real Time will provide customers with full-tick, depth-of-market data from multiple venues around the world. The next generation feed has already been deployed in London, New York, Chicago, Tokyo and Frankfurt and is testimony to the company’s plans to roll out the new high-performance feed worldwide.

As interest in global capital markets from Asian investors grows, the demand for data feeds that can offer enhanced quality of service, lower latency and in-depth coverage has been increasing rapidly in the region.

“Hong Kong, Singapore and Sydney are at the heart of Asia’s financial centers with sophisticated automated trading requirements fuelling demand for market transparency,” said Ralf Roth, global head of equities feeds and platform at Thomson Reuters. “This, coupled with the impact of liquidity fragmentation across Australia is promoting demand across the region for greater depth of content coverage and lower latency data delivery.”

The rise of automated trading strategies coupled with the growing requirement for differentiated content has made it more important than ever to connect participants and marketplaces to a technology that offers them a real competitive advantage.

Elektron delivers low latency feeds from more than 400 exchange-traded and OTC markets, along with analytics, distribution platform and transactional connectivity to support any financial workflow application.

“The launch of Elektron Real Time in these centers empowers customers to respond to these challenges,” Roth said. “The service provides coverage of more than 400 OTC and exchange traded markets – with full-tick, depth-of-market coverage. This ensures customers get the right data at the right time.”

Separately, Australian Stock Exchange and NYSE Technologies have connected their global networks, increasing offshore access to the Australian market while adding another Asia-Pacific center to the NYSE unit’s array of network connections.

“With our SFTI network already extending to exchanges in Hong Kong, Japan and Singapore, we are delighted to add further connectivity in the Asia Pacific region through ASX,” said Daniel Burgin, head of Asia Pacific at NYSE Technologies.

The linking of ASX Net Global and NYSE Technologies’ Secure Financial Transaction Infrastructure (SFTI) will initially provide customers of NYSE Technologies access to ASX markets and market data services.

“With our SFTI network already extending to exchanges in Hong Kong, Japan and Singapore, we are delighted to add further connectivity in the Asia Pacific region through ASX,” said Burgin. “Through SFTI, customers located anywhere in the world, will be able to access ASX markets, which is the first Australian venue available on NYSE Technologies’ community network.”

The connection agreement supports the exchange of traffic between the two networks, while both companies will explore additional possibilities for their customers.

“Clients at the ASX Australian Liquidity Centre will be able to benefit from enhanced offshore access,” said David Raper, ASX general manager trading services. “It will also make ASX more accessible to our international customers wanting to trade both ASX24 and ASX Trade markets.”

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