Thomson Reuters (NYSE:TRI) will be implementing a new high-speed data feed that helps traders with updates that are faster by nearly ten-fold with its existing pricing updates across the group’s matching venue, according to a Thomson Reuters report.
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The new data feed will be active on Thomson Reuters’ matching venue, which is already utilized by some of the industry’s biggest banks. In particular, the group is launching its Matching Binary Multicast Feed, which will aim to streamline and hasten update frequencies for real-time market data down to as little as 25 milliseconds.
The latest launch follows after the recent rollout of EBS Brokertec’s Ultra high-speed data feed last month – the new offering boasted two data interval rates – one in 100 milliseconds intervals which is similar to the current EBS Live service and one which is updated in 20 milliseconds intervals, which is five times faster than the current EBS Live data product.
In terms of Thomson Reuters’ feed, clients will be afforded the ability to test data next month, however the actual launch of the feed is slated for Q1 2017. The push towards faster data feeds will help cater towards algorithmic machine-driven traders.