Source: Thomson Reuters
Responding to the ongoing need for financial services firms to reduce capital expenditure and operational risk through the outsourcing of non-core competencies, Thomson Reuters has expanded its points of presence with the launch of Elektron Managed Services in the Equinix NY4 International Business Exchange (IBX) data center, located in Secaucus, NJ.
The Equinix NY4 IBX® complements Thomson Reuters existing NJ2 location in Weehawken, NJ.
Financial institutions are refocusing on their core business activities and moving to a model of predictable costs and scalable resources. In doing so, they will benefit from the robust market data and platform services provided by Thomson Reuters without the burden of having to procure, build, operate and manage their market data environment. By turning to Elektron Managed Services, organizations can achieve more predictability in their market data and IT budgets while reducing operational risk and capital expenditure.
“Access to reliable, time sensitive financial information is crucial to market participants who are automating and outsourcing wherever possible to improve performance and reduce costs,” said Paras Sidapara, global head of managed services, Thomson Reuters. “With more than 20 points of presence located in key liquidity venues around the globe, Elektron Managed Services offers robust market data latency options, open platform capability for customers and third-party developers, scalability and round-the-clock support as a managed service.”
“The expansion of Thomson Reuters into our NY4 location further propels our financial ecosystem forward and showcases how financial partners can co-locate trading platforms inside Equinix and interconnect to provide low latency data feeds, analytics and transactional connectivity,” said John Knuff, vice president of digital payments, Equinix. “As the demand for the cutting-edge financial and risk tools that Elektron Managed Services provides grows, we will be there to support their global growth and scale.”
Financial institutions can now free up valuable resources to focus more effectively on their core activities by outsourcing the management and support of Thomson Reuters Enterprise Platform (TREP) and Elektron Real-Time from customer managed to Thomson Reuters managed services in addition to the procurement and support of market data infrastructure, networking, space and power. TREP is an open platform that provides the infrastructure to connect every corner of a customer’s business with market data and messaging.