Thomson Reuters launches Elektron Hosting Service in Brazil
First Published 24th April 2012
Thomson Reuters Elektron to provide high speed access to BM&F BOVESPA for algorithmic and high-frequency traders
Mike Powell, Managing Director, Elektron Hosting & Managed Services
"The launch of Elektron in Brazil is a natural extension of our established business in the country and supports our customers' evolving requirements."
São Paulo, London - Thomson Reuters has announced the launch of Elektron hosting and managed services in Brazil. The new service, situated in close proximity to the BM&F BOVESPA exchange, will provide trading firms with low latency access to the real-time data required to fuel algorithmic and high-frequency trading strategies in Brazil.
Based in São Paulo, the new Elektron data solution delivers connectivity to BM&F BOVESPA for market participants seeking local liquidity in Brazil, including full depth of market pricing along with US-traded American Depository Receipts (ADRs) and CME futures data. By accessing the Elektron services, either through cross-connecting applications within the data centre or externally through a choice of connectivity options, local firms can consume both low latency local market content as well as cross-asset real-time data from over 350 electronic venues and hundreds of OTC market contributors and reference data sources.
Mike Powell, managing director, Elektron Hosting and Managed Services, Thomson Reuters, said: "The launch of Elektron in Brazil is a natural extension of our established business in the country and supports our customers' evolving requirements. With Elektron, we continue to bring together global market participants and deliver world-class content that further empowers these communities. We are delighted to be working with BM&F BOVESPA in Brazil to address the requirements of our collective clients for high-performance, cost-efficient data solutions."