Thomson Reuters today announced the launch of Elektron at NASDAQ OMX Nordic markets. Based at the NASDAQ OMX co-location site in Sweden, Elektron will provide trading firms with ultra low latency connectivity to pan-European real-time pricing information. NASDAQ OMX will leverage a connection to the Elektron network for its new Nordic Smart Order Router service, providing their clients with routing decisions driven by high performance market data.
In addition to gaining high speed connectivity to data from the NASDAQ OMX through the Elektron network, participants will have also have access to global, cross-asset coverage for over 350 exchange and OTC markets.
Bjørn Sibbern, Senior Vice President NASDAQ OMX Nordic Equities Markets, said, “By joining the Elektron community we are able to meet our participants’ demand for the highest quality ultra low latency market data via our new Nordic order routing service. We are delighted to be working with Thomson Reuters in providing our co-location clients with a great tool for making better routing decisions for Nordic shares.”
Scott Kennedy, Head of Enterprise Real-Time Strategy and Liquidity Partnerships, Thomson Reuters, said: “As a member of the Elektron community, NASDAQ OMX clients will have fast, consistent access to high-quality market data. By working with our liquidity partners we will continue to extend the Elektron network to additional financial centers based on market demand.”