Thomson Reuters announced it will allow rival news and market data provider Dow Jones to use the Elektron trading and data platform to power its U.S. index data business, a move that expands the existing collaboration between the two firms.
Thomson Reuters already supplies real-time data for Dow Jones' international indexes, but under this agreement its Elektron system will supply its U.S. indices – including the iconic Dow Jones Industrial Average - with market-moving information, the companies said.
"The Dow Jones Industrial Average has been the leading benchmark index for U.S. equity markets for more than a century. It is a privilege to be selected as a provider of next generation data solutions to power Dow Jones' U.S. indexes in this era of high-performance trading," said Elektron managing director Ralf Roth.
