Thomson Reuters and Savvis Offer Hosted Low Latency Platform

Savvis proximity hosting to underpin global low latency offering.

Thomson Reuters today announced an expansion of its hosting platform with an initiative to provide high performance liquidity discovery and execution support. In partnership with Savvis, a provider of outsourced data center offerings, Thomson Reuters will launch a number of fully resilient, scalable, latency sensitive data centers in New York, Chicago, London, Frankfurt, Tokyo and Singapore.

The network will offer customers access to low latency market data, analytics and data management platform, together with the ability to have their infrastructure, low latency data feeds and applications hosted and managed within these centers.

The Thomson Reuters Enterprise solution suite will be accessible in each data center, with high performance direct market connectivity to worldwide execution venues, real time market data and post trade capabilities. This will allow customers to connect their trading applications into a single architecture could bring market participants closer to strategic points of liquidity, claims Thomson Reuters. The vendor also claims customers may "benefit from lower total cost of ownership," along with streamlined deployment and improved time to market with a single point of access to global trading venues.

Jon Robson, president, Enterprise at Thomson Reuters, said in a prepared statement: "Thomson Reuters Hosting Solution will provide clients with a tiered, flexible approach that they can tailor to their trading strategies. 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."

"We are excited to work with Thomson Reuters to build out this benchmark strategic proximity hosting solution," Bill Fathers, SVP and Managing Director, U.S at Savvis added in a statement. "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."

The combined offering will provide Thomson Reuters global portfolio of low latency feed technology, aggregated data feeds, middleware and experience in data centre management together with Savvis' existing hosting facilities, proximity hosting and market connectivity for both FIX trading and 200 exchange and venue connections.

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio