Vhayu, a streaming tick processing provider, announced this week that Reuters has chosen Vhayu’s Velocity solution to capture, analyse and store multi-asset-class market data for its wealth management offering.
According to Vhayu, Reuters chose Velocity because of its ability to process data from any asset class, publish configurable intervals of time series data and store more than twenty years' worth of historical tick data. By deploying Velocity, Reuters can phase out a legacy in-house database to scale their operations, decrease data latency and deliver real-time cross-market data to wealth management professionals.
"The amount of real-time market data now generated globally across asset classes is staggering and traditional systems cannot properly handle these volumes," explains Gerry Campbell, president and global head, search and content technologies, Reuters. "We have worked closely with Vhayu over the past two years via our redistribution partnership and receive continuous positive feedback from our customers who have implemented the Reuters Tick Capture Engine, powered by Vhayu Velocity. This established partnership was instrumental in our selecting Vhayu for this project," he adds.
"As market data volumes continue to grow, there is competitive advantage to be gained by firms that can capture cross-market data in real time and calculate, save and publish custom analytics in one system," notes Jeff Hudson, CEO, Vhayu.