Thomson Reuters Establishes Connectivity into Three New Data Centers

Thomson Reuters (NYSE:TRI) has moved to secure three new data centers in some of the world’s most active hubs, including such locations as New York, London, and Tokyo, in a bid to help foster improved pricing measures and market access for foreign exchange (FX) participants, according to a Thomson Reuters statement.

The new data centers in New York (NY4), London (LD4), and Tokyo (TY3) will aim to provide increased connectivity with Thomson Reuters’ FX Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term venues. The move follows on the heels of other leading venues opting to link into the aforementioned data nexuses, which continue to attract leading trading venues across the equities and FX space.

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The new initiative is important for Thomson Reuters and global FX market participants as it helps streamline pricing capabilities, enabling clients to connect locally to all Thomson Reuters global FX transaction venues, regardless of location. Moreover, the group has also opted to strengthen its streaming pricing service to both London and Tokyo, with Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term in mind. As such these providers can help improve latency for real-time pricing to their respective local clientele throughout Europe and Asia.

According to Phil Weisberg, Global Head of FRC Trading at Thomson Reuters, in a recent statement on the extension to the new hubs: “Having the best possible access to liquidity is critical in a market where evolving regulations and market structure changes are impacting the FX industry’s ability to trade.”

“By providing our customers with local options as to how they connect to market liquidity, Thomson Reuters is able to further improve their latency, pricing options and workflow while ensuring business continuity within a robust connectivity network,” Mr. Weisberg added.

Earlier this month, Thomson Reuters made headlines after it launched a new randomization process for its FX Spot matching service. FX Spot Matching services help utilize a randomization element that adds a ‘speedbump’ or intended delay, in order to help level the playing field for market participants.