Data giant Thomson Reuters has teamed up with real-time systems monitoring provider ITRS to allow financial firms to keep track of the performance and speed of Thomson Reuters’ market data platforms.
Globally financial firms are challenged by the growing cost and complexity of running high-performance trading infrastructures, as well as the increased regulatory pressure to manage the operational risk of potential systems outages. They also need the ability to quickly identify critical issues and to distinguish between problems within a firm, external to a firm, and at co-located, hosted sites.
Thomson Reuters now provides real-time market data to financial firms through its Enterprise Platform for Data Management software and Elektron cloud service. The addition of ITRS' technology will provide rea-time visibility into the performance of the Thomson Reuters Enterprise Platform for Real Time and includes features such as automated load balancing tools to ensure the optimal performance of systems. Thomson Reuters says that it will also evolve the new service to offer the same details systems management support for its hosted Elektron service.
The information provided by ITRS which aggregates performance data from over 100 third-party trading and risk applications, gives financial firms the ability to predict and act to prevent problems with their market data, trading and risk management infrastructures.
“In today's competitive market, data and infrastructure are key elements to a financial firm's business strategy, and ensuring that these systems are continuously optimized is crucial to success,” said Terry Roche, global head of real-time information and platform enterprise at Thomson Reuters in a statement issued by the firm. “Our relationship with ITRS allows us to provide our customers with detailed real-time knowledge to monitor the health of every component in their trading architectures, whether deployed locally or accessed as hosted solutions via Elektron - our global infrastructure."
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