Thomson Reuters has teamed up with real-time systems monitoring firm ITRS to offer brokers visibility on the speed and performance of the financial information provider's trading solutions.
ITRS will offer its tools on Thomson Reuters' Enterprise network – primarily used by trading firms to source market data – to enable market participants to measure the latency, capacity and overall health of the platform. Monitoring tools will also be made available to users of Elektron, Thomson Reuters' cross-asset trading and data infrastructure, which offers low-latency market access and has an integrated set of trading applications.
The ITRS solution includes features such as automated load balancing tools to ensure continuous systems optimisation.
“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 optimised is crucial to success,” said Terry Roche, global head of real-time information and platform enterprise at Thomson Reuters. “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.”
According to Kevin Covington, CEO at ITRS, the growth of new remote trading capabilities, such as cloud computing and proximity hosting, has increased the demand from market participants for monitoring tools.
“Our collaboration with Thomson Reuters indicates the desire of market participants to build an end-to-end view of their trading activity, without being reliant on vendors' service level agreements,” he told theTRADEnews.com.