Thomson Reuters unveiled Elektron, its next generation data distribution network. Thomson Reuters Elektron is a global network and hosting environment that lets financial firms access and share information faster and more cost effectively. The service enables firms to trade faster, using complete coverage of real time financial information and direct market connection through a secure cloud. Along with Elektron, Thomson Reuters debuted a series of co-location hosting centers in major markets such as New York, Chicago, London, Frankfurt, Tokyo, and Singapore. Additional centers will open in Hong Kong, India, and Brazil later this year.
With Elektron, clients, exchanges, brokers, and other liquidity providers can publish messages and content directly to their discrete counterparties and subscribe to service providers' analytics, algorithms, and risk models, as well as post trade facilities and reference data resources. Elektron is a key component in Thomson Reuters New Era, New Tools Innovation Program, which is designed to address the challenges faced by the financial services community.