Thomson Reuters has rolled out its Elektron managed data services in China and Australia. The service will be deployed in co-location with the Australian Securities Exchange in Sydney as well as through a data centre in Shanghai, China.
Thomson Reuters is also targeting Chinese financial institutions that are expanding their overseas businesses as the Chinese government continues its path towards making the renminbi a major global currency. The service is already available in Hong Kong, as well as other Asia Pacific markets Tokyo, Singapore, Taipei and Mumbai.
“Speed, cost and agility continue to be key concerns to customers in a dynamically changing business environment as the Chinese and Australian trading and investment communities look to respond to the challenges and opportunities in front of them,” said Mike Powell, managing director, Elektron managed services, Thomson Reuters.
Elektron is a cross-asset data and trading infrastructure that gathers data from 400 markets, including exchanges, alternative trading systems and OTC markets.