In addition, Thomson Reuters is planning to offer co-location services for customers who need to place their trading applications as close as possible to the SBI Japannext matching engine. Alternatively, customers can connect the feed into their own data centre or leverage Thomson Reuters proximity hosting solution, which offers both managed Reuters Market Data System middleware platform or a direct connection via their application programming interface.
Thomson Reuters has already signed contracts with multiple banks to deploy the new SBI Japannext direct feed. This launch further strengthens Thomson Reuters successful ultra low latency offering in Asia and follows other recent announcements including the addition of direct feeds for the Hong Kong Futures Exchange, Sydney Futures Exchange, National Stock Exchange of India, Bombay Stock Exchange and KRX Integrated Stock Exchange.
Mr. Mitsunori Fukushi, SBI Japannext CEO, said: âOur customers are enthusiastic about the availability of the new ultra low latency data feed from Thomson Reuters. In addition, our customers are excited by the effect and result of smaller tick size offered at our execution venue, which brought them significant cost saving and price improvement. With the Thomson Reuters direct feed participants will be able to take advantage of ultra low latency market data for their sophisticated algorithm and SOR systems to offer better execution quality for their clients. For many of our members, their familiarities with Thomson Reuters data format should ease the burden for time to market deployment.â
Scott Kennedy, Global Business Manager, Direct Feeds, Thomson Reuters, said: âThe provision of alternative pools of liquidity in Asia is now gaining momentum. We are seeing increased requirements from clients for high performance, light touch solutions in order to fully leverage latency as a competitive advantage. By bringing the first fully managed, low latency direct feed for SBI Japannext to the market, Thomson Reuters is re-enforcing its commitment to providing tools, data, services and infrastructure which will allow better execution and full transparency on price discovery.â
SBI Japannext joins Thomson Reuters growing portfolio of premium low latency venues available via direct exchange connectivity, in addition to over 300 markets available via its industry leading, global real-time data feed solutions.