Ralf Roth, MD, Elektron Feeds & Platform, Thomson Reuters
"It is a privilege to be selected as a provider of next generation data solutions to power Dow Jones Indexes US indexes."
Chicago - Thomson Reuters has announced
that its Elektron trading and data infrastructure has been
selected by Dow Jones Indexes to power the index provider's US
index data business, which includes the Dow Jones Industrial
The deal expands the existing collaboration between the two companies - Thomson Reuters currently supplies real-time data for Dow Jones Indexes' international indexes.
"The Dow Jones Industrial Average has been the leading benchmark index for US equity markets for more than a century. It is a privilege to be selected as a provider of next generation data solutions to power Dow Jones Indexes US indexes in this era of high performance trading," said Ralf Roth, managing director, Elektron Feeds and Platform, Thomson Reuters. "The extension of our relationship with Dow Jones Indexes underscores the investment that has gone into ensuring that Elektron delivers the scalability, robustness and performance required to power vital pieces of market intelligence."
Dow Jones Indexes' President, Michael A. Petronella, said: "We are always searching for the latest technology to ensure we are providing the most scalable, robust and lowest-latency architectures. Once we made the decision to re-evaluate our vendor relationships as part of a broader technology review, Thomson Reuters clearly demonstrated that Elektron could deliver on all of our performance criteria."