Thomson Reuters is collaborating with communication services provider Savvis to launch a series of performance tuned data centers in New York, Chicago, London, Frankfurt, Tokyo and Singapore, Thomson said today.
The combined offering will provide Thomson Reuters global portfolio of low latency feed technology, aggregated data feeds, middleware and experience in data centre management together with Savvis’ existing hosting facilities, proximity hosting and market connectivity for both FIX trading and 200 exchange and venue connections, the company said.
Touted as “a major expansion” of Thomson Reuters’ hosting platform, the global network—dubbed the Thomson Reuters Enterprise solution suite-- will offer customers access to low latency market data, analytics and data management platform. Customers will also have the ability to have their infrastructure, low latency data feeds and applications hosted and managed within these centers.
The solution will be accessible in each data center, with high performance direct market connectivity to worldwide execution venues, real time market data, and post trade capabilities. This will enable customers to plug their trading applications into a single architecture designed to bring market participants closer to strategic points of liquidity.
Jon Robson, president of the Enterprise division at Thomson Reuters, said the Hosting Solution “will provide clients with a tiered, flexible approach that they can tailor to their trading strategies.”
“This launch is part of a significant investment to support customers as they respond to the rapidly evolving market environment,” he continued. “Neutrality, global coverage, and simplicity are key components of this offering. This is a natural step that will enable our clients to gain ubiquitous connectivity and access to industry leading, high performance, managed solutions for evolving sell-side and buy-side business needs.”
Bill Fathers, senior vice president, and managing director of Savvis’ in the U.S. noted that the new delivery model will allow customers to “further reduce their cost of ownership, increase access to low latency capabilities and rapidly enter new markets.”
This article can also be found at SecuritiesIndustry.com.
Alexa Jaworski is senior editor of Securities Industry News, a SourceMedia publication. She can be reached at alexa.jaworski@sourcemedia.com.
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