This is in response to the rapid growth in high frequency FX trading, with the Aite Group estimating that such strategies will account for more than 40% of overall FX volume by the end of 2012.
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 as well as a broad range of single-dealer price feeds from banks.
Jon Robson, President, Enterprise Solutions, Thomson Reuters, said: âThomson 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.â
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: âDelivering 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. Todayâs announcement will give our clients the ability to easily leverage the depth of liquidity that Matching offers to power their trading strategies.â
Thomson Reuters Elektron is the first cross-asset trading and data infrastructure to offer global low-latency market access, content and distribution with a fully integrated set of cutting edge, best in class trading applications, delivered as a managed service, across co-location and proximity hosting sites in the worldâs key financial centers.
Thomson Reuters Matching is the leading anonymous electronic trade matching system for the professional community. With over 1,100 subscriber organizations, it offers unbiased access to real time executable prices on 54 spot currency pairs. Spot Matching offers FX professionals the most comprehensive range of transactional real-time prices in the market.