March 26, 2012

Thomson Reuters announced it will allow rival news and market data provider Dow Jones to use the Elektron trading and data platform to power its U.S. index data business, a move that expands the existing collaboration between the two firms.

Thomson Reuters already supplies real-time data for Dow Jones' international indexes, but under this agreement its Elektron system will supply its U.S. indices – including the iconic Dow Jones Industrial Average - with market-moving information, the companies said.

"The Dow Jones Industrial Average has been the leading benchmark index for U.S. 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' U.S. indexes in this era of high-performance trading," said Elektron managing director Ralf Roth.

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 ...