Thomson Reuters today announced the launch of the Thomson Reuters Enterprise Platform for Exchanges (EPX) — an asset class-agnostic, high-performance data platform that supports the creation and distribution of all exchange information services.
Exchanges around the world face a challenging environment characterized by increased competition, commercial pressure on transaction revenues, new regulatory mandates, and demands from trading members for scalable systems that can support high-frequency trading strategies.
EPX provides exchanges with flexible, dependable data distribution technologies to drive revenue growth and attract additional order flow. In addition it caters to each stakeholder’s unique data requirements, while optimizing information services by decreasing time to market with new value-added content and services.
The platform supports every type of exchange information service, from the lowest-latency raw order book feeds used by high-frequency traders, through to conflated feeds carrying enriched content such as news, analytics, indexes and reference data for vendor redistribution and to power data display applications.
These information services are supported by a scalable and robust technology architecture that provides gap recovery and order book image retrieval capabilities. The platform also offers configurable conflation for tiered qualities of service, and packet capture to maintain a complete audit trail for management and supervisory functions. Additional functionality includes a fully fault-tolerant dual-site configuration, and a complete set of add-on tools for real-time visibility into systems performance and automated optimization.
Terry Roche, global head of Elektron real-time and Enterprise Platform, said: “Thomson Reuters has been a key partner to hundreds of exchanges and trading venues around the world. Now, by launching EPX, we can provide exchanges with a complete technology platform that allows them to respond to new business and regulatory drivers for low-latency feeds, enriched content, enhanced delivery channels and new data workflows. The combination of our content and technology expertise, along with our global presence, makes Thomson Reuters the ideal partner to help exchanges maximize the value of their information assets.”
EPX is built on an open and extensible message model that not only allows exchanges to distribute content across all asset classes, but also supports all data workflows — including order-driven market data dissemination, RFQ and IOI messaging, trade and transaction reporting — enabling exchanges to capitalize on new market- and regulatory-driven opportunities.
In addition to EPX data distribution technology, exchanges can also leverage Thomson Reuters Elektron to expand their global connectivity and build out a rich ecosystem of high-performance application, data and infrastructure solutions tailored for high-frequency trading firms co-located or remote from the Elektron data centers for data sourcing and delivery along with liquidity access.