Thomson Reuters announced today the launch of a strategic platform to facilitate quantitative trading from pre-trade research through to execution and trade compliance. Thomson Reuters Enterprise Platform for Velocity Analytics is available both as a managed service within Elektron, the firmâs high performance real-time network and hosting environment, or deployed directly at client sites, allowing organizations to quickly launch their trading strategies in new global markets.
Rapid growth in market data rates and the requirement for sub-microsecond execution capabilities are necessitating that financial firms leverage co-location facilities for their trading applications to improve latency and reduce the volume of data they need to transport between locations. The increasing cost and complexity of data capture, normalization, and storage has prompted firms to look to outsourced trading and data management solutions.
Research firm Aite Group has reported that high frequency trading is projected to account for 67% of the US trading volume for the equity markets in 2011, while globally reaching 53% for futures, 45% for FX and 16% for fixed income. However, the trading community is increasingly faced with the challenge of economically deploying solutions to avoid eroding alpha. By accessing the Enterprise Platform for Velocity Analytics via Elektron, clients will improve their time to market and reduce data normalization and integration issues.
The new Enterprise Platform for Velocity Analytics integrates all Thomson Reuters content, including tick history, reference data, corporate actions, condition code processing and cancellation and correction messages. In addition, it brings together many disparate third party applications including data management solutions, EMS, OMS, price discovery, back testing, trade surveillance and low latency execution capabilities across the quantitative research and trading workflow.
The platform enables traders to test and execute their strategies quickly, make smarter trading decisions, and search for alternative alpha-generating opportunities to gain significant competitive advantage. In the coming months, the Thomson Reuters Enterprise Platform for Velocity Analytics will be extended with additional capabilities to provide a complete quantitative trading solution for clients of all sizes, providing functionality for complex event processing (CEP), EMS, price discovery, liquidity management, order book aggregation, research and back testing.
Emmanuel Doe, Global Business Manager, Thomson Reuters, said: âIn todayâs market, machine based algorithmic research and execution requires a cost effective, out of the box solution to enable trading and research. Critical analytics and data normalization must be coupled with a low latency trading technology platform. Our newly launched Thomson Reuters Enterprise Platform for Velocity Analytics provides trading firms the ability to parse, analyze and execute trades in real time. The platform ensures that participants have the tools available to not only demonstrate they have the best execution platform but also a true end-to-end solution for quantitative research and execution.