Thomson Reuters unveiled its new direct feed service, under the name Elektron Direct Feed. According to company claims, the new feed provides “high-performance access to real-time market data sourced directly from individual trading venues in a standardized, reliable and flexible format.”
Elektron Direct Feed is a hybrid solution offering hardware acceleration to achieve low latency and software optimization for recovery and static data mapping, according to a press statement. The solution is based on configurable, multicast FPGA technology for real-time data processing. Multiple direct feeds can be supported on a single server.
The Elektron Data Feed will cover US cash equities at first and “will deliver a standardised, full tick, full depth of book solution.” Over the course of 2014 and 2015, Elektron Direct Feed will supply data from US futures and options exchanges as well as expand its coverage of European venues.
“The launch of Elektron Direct Feed further demonstrates our commitment to offering our customers best in class data solutions,” said Mike Powell, managing director for enterprise capabilities, Financial & Risk, at Thomson Reuters. “Elektron Direct Feed has been designed for those customers for whom speed and agility are key components of their trading strategies as they seek out the best prices for their clients.”
Elektron Direct Feed uses FPGA technology from Celoxica. This partnership brings together data delivery expertise from Thomson Reuters with specialist hardware acceleration technology from Celoxica.
Thomson Reuters also offers a consolidated feed, Elektron Real Time, which together with Elektron Direct Feed allows it to provide customers with real-time data in the format and latency best suited to their trading needs.