Thomson Reuters has set up inside Singapore Exchange’s (SGX) co-location data centre, to provide local firms with high-performance market data services.
Customers with trading applications in the SGX co-location site will be able to access Thomson Reuters’ Elektron real-time consolidate market data feed through a cross-connect.
Thomson reuters said this will lower the need for costly infrastructure and provide firms with market data to power their applications at a lower cost.
It added that development of financial markets in Asoa means access to high-quality timely data was critical for firms.
In additional to the co-located market data, customers can use a fully managed service through their Elektron Managed Services data centre.
Paras Sidapara, global head of managed services, Financial & Risk at Thomson Reuters, said: “Elektron Managed Services gives customers the ability to scale their businesses rapidly and access low-latency data and services while lowering the typical costs of deploying and managing equivalent solutions in-house.
“By offering real-time market data direct to customers inside the SGX data centre, they have access to the breadth of content needed to make informed trading decisions in a cost-effective and highly flexible way. The launch is a continuation of our efforts to support our customers’ growth strategies throughout the Asia Pacific region.”
The move comes as competition among Western firms, looking to expand their Asian presence, heats up, with Singapore seen as a key battleground. Last week, Intercontinental Exchange confirmed details of its new Singaporean exchange and product range.