MF Global selected CJC to perform a hardware refresh and upgrade of its Thomson Reuters Market Data System (RMDS) to Version 6.0. The deal was signed mid-May. MF Global is an established broker for exchange-traded futures and options and an intermediary in the markets for other major financial instruments around the world.

Lee Murthwaite, infrastructure manager at MF Global commented: "We needed to upgrade our market data system's capacity in order to match our business growth and ensure faster delivery of price data to our traders. After considering numerous providers, we chose CJC for its responsive, efficient and customer-centric approach. We were impressed with CJC consultants' high level of expertise and ability to meet our tight timeframes."

The project is currently in planning stage and the upgrade is due to be complete by end of June. To deliver the upgrade, CJC will Install Thomson Reuters' software on HP equipment running LINUX. CJC will fine-tune the market data system to its optimum level to cope with the growth of MF Global's business. CJC has already thoroughly tested the market data system and performed data validation and other optimisation techniques ahead of user and application migration.

Paul Gow, CEO at CJC, said: "Our deal with MF Global highlights our unmatched levels of technical expertise and in-depth knowledge of how market data systems function. We help our clients create leaner and more efficient market data infrastructures, effectively enabling them to drive out redundant market data costs, lower latency and demonstrate ROI."