Thomson Reuters unveils worldwide strategic hosting solution
First Published Monday, 5 October 2009 from Automated Trader : Data News
Savvis proximity hosting to underpin global low latency platform
Jon Robson, President, Enterprise, Thomson Reuters: “This launch is part of a significant investment to support customers as they respond to the rapidly evolving market environment.”
Thomson Reuters has announced a major expansion of its hosting platform with an initiative to provide high performance liquidity discovery and execution support. In collaboration with Savvis, Inc. (Nasdaq:SVVS), Thomson Reuters will launch a series of data centers including New York, Chicago, London, Frankfurt, Tokyo, and Singapore. The network will offer customers access to low latency market data, analytics and data management platform, together with the ability to have their infrastructure, low latency data feeds and applications hosted and managed within these centres.
The Thomson Reuters Enterprise solution suite will be accessible in each data centre, with direct market connectivity to execution venues, real time market data, and post trade capabilities. This is intended to enable customers to plug their trading applications into a single architecture designed to bring market participants closer to strategic points of liquidity. In addition the company states, customers should benefit from lower total cost of ownership, streamlined deployment and improved time to market with a single point of access to global trading venues.
Jon Robson, President, Enterprise, Thomson Reuters, said: “Thomson Reuters 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. 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.”
“We are excited to work with Thomson Reuters to build out this benchmark strategic proximity hosting solution,” said Bill Fathers, Savvis, Senior Vice President, and Managing Director, U.S. “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.”
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