Data vendor Thomson Reuters has teamed up with Savvis, an internet infrastructure provider, to launch a series of new data centres that will allow clients host trading applications within them.
The “performance-tuned” data centres will be based in New York, Chicago, London, Frankfurt, Tokyo, and Singapore. Thomson Reuters’ Enterprise solution suite will be available at each location, giving customers direct market connectivity to execution venues across the world, real-time market data and analytics capabilities and post trade functions.
Clients can plug their trading applications into the data centres’ achitecture – a process known as proximity hosting – which Thomson Reuters claims will bring market participants closer to strategic points of liquidity.
According to the two firms, customers of the solution will benefit from a lower total cost of ownership and improved time to market with a single point of access to global trading venues.
“Thomson Reuters’ hosting solution will provide clients with a tiered, flexible approach that they can tailor to their trading strategies,” said 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. Neutrality, global coverage, and simplicity are key components of this offering.”
“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,” added Bill Fathers, senior vice president and managing director, US, Savvis.