Thomson Reuters gives FX Markets boost by offering its Elektron Hosting Service to improve latency

With the rise in FX volumes Thomson Reuters has expanded its Elektron proximity hosting service to benefit the FX trading community.

These services include low latency connectivity to the Thomson Reuters Matching FX Spot markets, together with access to all other key sources of 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, an integrated set of content services and pre and post trading applications.

Through Elektron clients will have access to the most complete FX price discovery solution available, combining connectivity to the Thomson Reuters Matching liquidity pool - via a local data center cross-connect - with access to all other relevant sources of spot and derivatives FX 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 as well as a broad range of single-dealer price feeds from banks.

Jon Robson, President, Enterprise Solutions, Thomson Reuters, said: "Thomson Reuters has always been the leading provider to the global FX community and the Elektron high-performance infrastructure has allowed us to strengthen our value proposition to deliver the most complete trading solution, supporting the most advanced trading strategies. Clients leveraging our Elektron Hosting facilities can now fuel their trading applications with the most complete set of connectivity, information and trading technology services on the market."

Elektron Hosting clients can draw upon a fully integrated set of value-added content and pre and post-trade application services to develop, execute and maintain their algorithmic trading strategies, including Thomson Reuters Dealing Aggregator and Thomson Reuters Machine Readable News.

Jas Singh, Global Head of Treasury, Thomson Reuters said: "Delivering Thomson Reuters Matching via Elektron is part of our innovation strategy and continued investment in solutions that enable our customers to participate in the increasingly electronic FX Markets. Today's announcement will give our clients the ability to easily leverage the depth of liquidity that Matching offers to power their trading strategies."

Elektron has been successful in the equity markets, Summer 2010 saw BATS a leading MTF deployed its pan european feed via Elektron.

Elektron offers a holistic approach to optimising latency, a joint venture with Corvil (latency management system) enabled the system to monitor feed delivery, data sourcing, normalization and distribution, as well as the management of hosted third-party applications.

With the rise in algorithmic trading in global FX markets professionals, bank traders and hedge fund managers are getting closer to complete front to back latency offerings.

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