Thomson Reuters First To Offer Microsecond Direct Feed Access To SBI Japannext
Tokyo – Thomson Reuters today announced that they are first to market with a direct feed solution for SBI Japannext’s market data via their RDF-Direct portfolio of ultra low latency feed handlers. The solution provides market participants with unparalleled performance for price discovery, transparency and price improvement. Customers will now have microsecond level access to this alternative trading venue, enabling the broadest picture of market liquidity.
In addition, Thomson Reuters is planning to offer co-location services for customers who need to place their trading applications as close as possible to the SBI Japannext matching engine. Alternatively, customers can connect the feed into their own data centre or leverage Thomson Reuters proximity hosting solution, which offers both managed Reuters Market Data System middleware platform or a direct connection via their application programming interface.
Thomson Reuters has already signed contracts with multiple banks to deploy the new SBI Japannext direct feed. This launch further strengthens Thomson Reuters successful ultra low latency offering in Asia and follows other recent announcements including the addition of direct feeds for the Hong Kong Futures Exchange, Sydney Futures Exchange, National Stock Exchange of India, Bombay Stock Exchange and KRX Integrated Stock Exchange.
Mr. Mitsunori Fukushi, SBI Japannext CEO, said: “Our customers are enthusiastic about the availability of the new ultra low latency data feed from Thomson Reuters. In addition, our customers are excited by the effect and result of smaller tick size offered at our execution venue, which brought them significant cost saving and price improvement. With the Thomson Reuters direct feed participants will be able to take advantage of ultra low latency market data for their sophisticated algorithm and SOR systems to offer better execution quality for their clients. For many of our members, their familiarities with Thomson Reuters data format should ease the burden for time to market deployment.”
Scott Kennedy, Global Business Manager, Direct Feeds, Thomson Reuters, said: “The provision of alternative pools of liquidity in Asia is now gaining momentum. We are seeing increased requirements from clients for high performance, light touch solutions in order to fully leverage latency as a competitive advantage. By bringing the first fully managed, low latency direct feed for SBI Japannext to the market, Thomson Reuters is re-enforcing its commitment to providing tools, data, services and infrastructure which will allow better execution and full transparency on price discovery.”
SBI Japannext joins Thomson Reuters growing portfolio of premium low latency venues available via direct exchange connectivity, in addition to over 300 markets available via its industry leading, global real-time data feed solutions.
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). For more information, go to www.thomsonreuters.com.
About SBI Japannext
SBI Japannext Co., Ltd. (“SBIJ”) is a PTS licensed securities broker registered under FSA, who has been operating the after-hours market (“Nighttime Session”) since August 2007 and the daytime side by side market (“Daytime Session”) since October 2008. SBI Japannext offers the first full-market network for off-exchange trading for Japanese listed stocks across all exchanges in Japan.
Daytime Session: 8:20am - 4:30pm
Nighttime Session 1: 7:00pm - 11:59pm
Nighttime Session 2: 0:30am - 2:00am on the next day (open on business days only)
Daytime Session: 1/10th of Exchanges but with its maximum tick size limited to JPY 100.
Nighttime Session: Same with Exchanges
Approx. 4000 issues (Majority of the stocks and other financial products listed on the Japanese stock exchanges)
Determination Method of Trading Price
Order driven Continuous matching by limit orders (Price more than Time priority)
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