Thomson Reuters launches Elektron through BSE

Mumbai: Thomson Reuters today launched Elektron, its new real-time network and hosting environment, in India to meet the strong demand for fast and cost-effective access to this emerging market.

Elektron is a global, ultra-high speed network and hosting environment that enables financial firms to access and share information faster and more cost effectively. Hedge funds, asset managers, banks, brokerages, exchanges and other participants will for the first time, be able to connect to the world's largest financial community and securely reach trading partners over the network.

Working in collaboration in India 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 global real-time network.

According to Madhu Kannan, managing director and CEO, Bombay Stock Exchange, ''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.''

By aligning with the Bombay Stock Exchange's data centre strategy, Thomson Reuters says it 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 delivers the fastest 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," the media firm said in a statement.