Bombay Stock Exchange Announcement
The Bombay Stock Exchange has announced that BSE-listed equities market data will be made available for the first time on a low latency direct feed in support of the introduction of direct market access trading recently announced by Securities Exchange Board of India.
Using Thomson Reuters’ Reuters Data Feed Direct, clients can access BSE’s Low Latency Feed and obtain real-time market data for all BSE-listed stocks, including prices, indices and volumes up to five levels.
BSE clients can connect from their own data center or use either Thomson Reuters’ hosted service in combination with Reuters Market Data System, or its application programming interfaces directly.
Mr. Mahesh Soneji, BSE officiating managing director and CEO, said: “The introduction of a low latency feed by BSE is significant considering the fact that SEBI has permitted Direct Market Access to institutions across the globe through BSE member brokers. Moreover, the Indian economy is projected to grow at a rate of over 7%, even during the current crisis, and the interest in Indian stocks among global institutions has sustained reasonably and from this perspective, the Thomson Reuters solution comes at an opportune time.”
Mike Powell, Global Head of Enterprise Information, Thomson Reuters, said: “We are seeing increased requirements from buy and sell-side 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 BSE-listed equities to the market, Thomson Reuters is re-enforcing the increasingly important role India has to play in the Asian and global trading landscape.”
Taken From: http://wallstreetandtech.com/exchanges/showArticle.jhtml?articleID=216200150&cid=RSSfeed_WST_All
