Thomson Reuters has unveiled Elektron, a new data distribution network. Thomson Reuters Elektron is a global, ultra-high speed network and hosting environment designed to enable financial firms to access and share information faster and more cost effectively.

Benchmark testing reportedly indicates that Elektron delivers information up to 20 times faster than traditional aggregated data networks. The fabric includes proximity and co-location hosting centres, initially in New York, Chicago, London, Frankfurt, Tokyo and Singapore. Later this year additional centres will open in Hong Kong, India and Brazil.  

Using this open network, clients, exchanges, brokers and other liquidity providers will be able to publish messages and content directly to their discrete counterparties and subscribe to service providers' analytics, algorithms, risk models, as well as post trade facilities and reference data resources.

Elektron is compatible with Thomson Reuters existing middleware, metadata and commercial model. Third parties can move all the applications they have built on Thomson Reuters market data system to Elektron.