Market data vendor Thomson Reuters has launched a direct, low-latency equities market data feed from India’s Bombay Stock Exchange (BSE), which the firm said will facilitate direct market access (DMA) trading in India.
According to Thomson Reuters, the feed supports the introduction of DMA trading by the Securities Exchange Board of India (SEBI), India’s securities regulator, in April 2008.
The feed provides real-time market data for all BSE-listed stocks, including prices, indices and volumes. Clients can access the feed through the Reuters Direct Data Feed service.
BSE clients can connect to the feed from their own data centre, or use the Reuters Market Data System – either through the firm’s hosted service or directly through the system’s application programming interfaces.
“We are seeing increased requirements from buy- and sell-side clients for high-performance, light-touch solutions in order to use latency as a competitive advantage,” said Mike Powell, global head of enterprise information at Thomson Reuters, in a statement. “By bringing the first fully-managed, low latency direct feed for BSE-listed equities to the market, Thomson Reuters is reinforcing the increasingly important role India has to play in the Asian and global trading landscape.”
Mahesh Soneji, BSE’s officiating managing director and CEO, added, “The Indian economy is projected to grow at a rate of over 7%, even during the current crisis, and the interest for Indian stocks among global institutions has sustained reasonably. From this perspective, the Thomson Reuters solution comes at an opportune time.”
The BSE joins Thomson Reuters’ community of over 50 low-latency venues available through direct exchange connectivity and more than 300 markets available via its real-time feed solutions.