Thomson Reuters announced the launch in India of Elektron, its real-time network and hosting platform, as part of a bid to meet soaring demand for fast and cost-effective access to one of the world’s fastest growing markets.
The firm said that by working in collaboration with Netmagic Solutions Pvt., 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 Elektron’s global real-time network.
Thomson Reuters added that by aligning with the Bombay Stock Exchange’s data center strategy, it will be able to extend the Elektron network across Asia, building on the launch of similar hosting sites in Tokyo, Hong Kong and Singapore.
“Financial institutions are becoming increasingly sophisticated in their trading strategies for the Indian market and this is driving demand for low latency solutions,” Thomson Reuters executive Mike Powell said in a release.
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio