September 07, 2011

Thomson Reuters said it will deploy the Elektron data platform within the co-location facility at the National Stock Exchange of India, a moved aimed at capitalizing on the rapid expansion of algorithmic trading throughout Southeast Asia.

The firm noted that by the end of 2012, it projects algorithmic cash equity trading in India to account for more than 20 percent of the overall trading volume throughout the Asia Pacific region. And as the segment grows, both foreign and domestic firms will be looking to adopt high-quality, real-time data to power their trading strategies, Thomson Reuters said.

Under the arrangement, the company said that its clients will also gain access to cross-asset coverage for more than 350 exchange and over-the-counter markets, along with market-moving machine-readable news.

ABOUT THE AUTHOR
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced ...