FX news: Reuters fires Elektron
Thomson Reuters this week unveiled Elektron, a global, ultra-high speed network and hosting environment that enables financial firms to access and share information faster and more cost-effectively.
Participants will be able to connect to the financial community and securely reach trading partners over the network.
Thomson Reuters says that Elektron will enable firms to trade faster, using the most complete coverage of real time financial information available, 20 times faster that traditional networks. It adds that firms will benefit from cheaper operational costs as a result.
Jon Robson, president, enterprise, at Thomson Reuters says: “This is a time of extraordinary innovation for Thomson Reuters, our customers and our partners, as together we respond to and shape a rapidly evolving financial marketplace. Elektron is designed to enable this innovation. It marks a step-change in empowering customers, enabling them to innovate and connect to the markets and to each other across a neutral, global and content rich infrastructure. We are responding to the needs of a new era in the financial industry, one which requires that all participants benefit from increased transparency and equal access to markets. Firms of all sizes will be able to connect via Elektron, benefiting from greater speed, lower operating costs and flexibility that will enable the markets to work and evolve freely.”