Thomson Reuters is moving forward with its plans to launch an Elektron co-location service for the Hong Kong Exchange (HKEx). Customers will be able to co-locate their trading applications within the data center, thereby reducing latency and improving the trade execution speed.
HKExs Hosting Services Ecosystem allows vendors to install systems directly within the data center, offering low latency to cash and derivatives markets, low-latency direct market data feeds, broad telecommunications carrier access and more.
Thomson Reuters Elektron infrastructure, installed in the HKEx data center, offers customers the ability to connect to low-latency data from the local market as well as regional and global cross-asset market data to fuel their applications, the firm says. They also are offered access to the Elektron managed service offering, which provides support for managed market data infrastructure, performance monitoring, network connectivity and access to other Thomson Reuters products and services.
Mike Powell, managing director of Elektron Hosting & Managed Services, says speed is increasingly important for the Asian trading community as sell-side firms leverage algorithms to improve the quality of their trade execution. We are therefore delighted to be working with the Hong Kong Stock Exchange from the outset of their new data centre initiative to facilitate improved access for trading participants to the Hong Kong market, Powell says. This step continues our strategy to set new performance benchmarks for market connectivity and to support our customers growth strategies across the region.
Thomson Reuters has existing sites in Tokyo, Singapore, Hong Kong and Mumbai.
ABN Amro Clearing announced this week that it had joined the Founding Member Program of HKEx, joining the exchange’s Next Generation Data Center ahead of its launch later this year.
(CG)