Thomson Reuters and ITRS Join Forces for Infrastructure Management and Monitoring
Providing Real Time Performance Monitoring of Mission Critical Trading Infrastructure
New York, 27 June, 2011 – Thomson Reuters has teamed with ITRS Group, a leading provider of real-time systems management technology, to deliver real-time visibility and performance monitoring of a financial firm’s market data, trading and risk management infrastructure. This capability enables Thomson Reuters Enterprise Platform and Elektron customers to reduce the total cost of ownership and the complexity of managing their distributed applications.
Globally financial firms are challenged by the growing cost and complexity of running high-performance trading infrastructures, as well as the increased regulatory pressure to manage the operational risk of potential systems outages. They also need the ability to quickly identify critical issues and to distinguish between problems within the business, external to the enterprise, and at co-located, hosted sites.
To address this requirement, Thomson Reuters and ITRS are collaborating to provide enterprise-wide monitoring and management capabilities for multiple trading and risk applications, along with the data and infrastructure solutions that power them, delivering vital intelligence on operational performance for mission-critical systems.
The capability provides real-time visibility into the performance of the Thomson Reuters Enterprise Platform for Real-Time, and includes features such as automated load balancing tools to ensure continuous systems optimization. Thomson Reuters will also evolve the service to offer the same detailed systems management support for its Elektron Hosting environment.
Terry Roche, Global Head of Real-Time Information and Platform, Enterprise, Thomson Reuters, said: “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 optimized is crucial to success. 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”
Kevin Covington, CEO of ITRS Group, said: “Thomson Reuters Elektron and the Enterprise Platform support the world’s largest financial marketplace, and ITRS is very pleased to be integrated into this community of best in class and innovative offerings. Today’s trading environment requires proactive management of enterprise data and trading infrastructures, which comprise both in-house deployed and vendor-hosted technologies. The critical nature of these complex real-time environments necessitates maintaining end-to-end visibility of systems performance to assure service quality in terms of speed, capacity and reliability.”
The Thomson Reuters Enterprise Platform for Real-Time together with Elektron have the ability to power trading operations across the globe with a flexible connectivity and information fabric that supports any enterprise data requirement. The Enterprise Platform for Real-Time is fully functional, with in-built data integration, transformation and administration tools, and has been architected for efficiency, with a fault-tolerant multi-threaded software architecture to maximize throughput and reliability, and a streamlined binary data model to optimize bandwidth utilization.
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.
ITRS Group is the leading provider of risk mitigation solutions to global financial institutions. It leads the way in a new discipline which extends real-time monitoring into a comprehensive operational and service management solution. Providing innovative businesses with the visibility necessary to identify, analyse and mitigate risk, ITRS Group has been recognised through industry awards for its innovation and customer support. ITRS’s products are specifically designed to reduce service disruption, improve IT efficiency, and ensure that critical operational processes are executed as planned, protecting against both business reputation and trading risks.
ITRS delivers proactive, predictive real-time monitoring and management with specialist interfaces for over 100 key third-party trading and risk applications, including core financial market trading applications, services and execution venues – a prerequisite for effective system control. A unified view and full visibility of complex environments is provided through the Geneos dashboard, giving a complete end-to-end view of all systems. Disparate data is aggregated, creating a single source of actionable business intelligence, giving the ability to predict and act to prevent problems, enhancing risk management and minimising latency, all at ultra-high speeds.
Established in 1997, ITRS has offices in London, New York and Hong Kong supporting clients worldwide including banks, brokers, exchanges, hedge funds and data vendors. ITRS has over 600 Geneos installations, implemented in 60 leading financial institutions, including eight of the top ten global investment banks.
For Thomson Reuters:
Public Relations Director, Enterprise
Tel: +44 (0) 207 542 0561
Moonlight Media Ltd.
Tel: +44 (0) 20 7250 4770