Thomson Reuters has teamed with ITRS Group, a 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, according to a release. Thomson Reuters noted that 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, Thomson Reuters said.
As such, the market data provider 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."Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio