Thomson Reuters announced it will add FX trading capabilities to the Elektron platform, a move aimed at capitalizing on the rapid growth of high-frequency global currency trading.
The news and market data firm said the service will include low latency connectivity to the Thomson Reuters Matching FX markets and access to other key sources of foreign exchange liquidity. Elektron will also give users access to sources of spot and derivatives FX liquidity along with a broad range of single-dealer price feeds from banks, the company added.
"Clients leveraging our Elektron hosting facilities can now fuel their trading applications with the most complete set of connectivity, information and trading technology services on the market," said Jon Robson, Thomson Reuters' president of enterprise solutions.
Meanwhile Aite Group estimated that high-frequency FX trading strategies will account for more than 40 percent of all FX trading volume by the end of 2012.