Thomson Reuters has enhanced its provisionary services at CME Group, namely its co-location facility located in Aurora, Illinois, according to a Thomson Reuters statement.
The latest expansion by Thomson Reuters will include its managed real-time data feeds and its low-latency news service. CME’s users within its Aurora facility requiring access to cross-asset data and comprehensive news in a cost effective manner, have necessitated the expansion.
Consequently, CME Group has leaned on Thomson Reuters for its Elektron Managed Services utility. As a result, CME Group’s users will be granted access to Thomson Reuters Elektron Real Time consolidated market data feed and news service.
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According to Paras Sidapara, Global Head of Managed Services, Financial & Risk, at Thomson Reuters, in a recent statement on the extension, “Elektron Managed Services gives customers the ability to scale their businesses rapidly and access low-latency data and services while lowering the typical costs of deploying and managing equivalent solutions in-house.”
“By offering low-latency, real-time market data and machine readable news feeds direct to customers inside CME Group’s Aurora facility, we are helping customers access the breadth of content they need to make informed trading decisions in a cost-effective and highly flexible way.”
Earlier this week, Thomson Reuters augmented the latitude of its Canadian fixed income markets platform via the electronic bond trading marketplace, CBID, a bond trading marketplace operated by Perimeter Markets Inc.