The FINANCIAL — New York – Thomson Reuters has teamed with ITRS Group, a leading provider of real-time systems management technology, to deliver real-time visibility and performance monitoring of a financial firm’s market data, trading and risk management infrastructure.
This capability enables Thomson Reuters Enterprise Platform and Elektron customers to reduce the total cost of ownership and the complexity of managing their distributed applications.
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 the business, external to the enterprise, and at co-located, hosted sites.
To address this requirement, Thomson Reuters and ITRS are collaborating to provide enterprise-wide monitoring and management capabilities for multiple trading and risk applications, along with the data and infrastructure solutions that power them, delivering vital intelligence on operational performance for mission-critical systems.
The capability provides real-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 continuous systems optimization. Thomson Reuters will also evolve the service to offer the same detailed systems management support for its Elektron Hosting environment.
Terry Roche, Global Head of Real-Time Information and Platform, Enterprise, Thomson Reuters, said: “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. 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”
Kevin Covington, CEO of ITRS Group, said: “Thomson Reuters Elektron and the Enterprise Platform support the world’s largest financial marketplace, and ITRS is very pleased to be integrated into this community of best in class and innovative offerings. Today’s trading environment requires proactive management of enterprise data and trading infrastructures, which comprise both in-house deployed and vendor-hosted technologies. The critical nature of these complex real-time environments necessitates maintaining end-to-end visibility of systems performance to assure service quality in terms of speed, capacity and reliability.”
The Thomson Reuters Enterprise Platform for Real-Time together with Elektron have the ability to power trading operations across the globe with a flexible connectivity and information fabric that supports any enterprise data requirement. The Enterprise Platform for Real-Time is fully functional, with in-built data integration, transformation and administration tools, and has been architected for efficiency, with a fault-tolerant multi-threaded software architecture to maximize throughput and reliability, and a streamlined binary data model to optimize bandwidth utilization.
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