CJC, the leading independent market data consultancy, today announced an extension of its strategic relationship with Thomson Reuters. As part of the agreement, CJC will assist in the management of the software infrastructure behind Thomson Reuters Hosting Solution, which includes high performance direct market connectivity to worldwide execution venues, real time market data, and post trade capabilities.
Thomson Reuters Hosting Solution provides a global network for resilient, scalable, performance tuned data centres. With data centres in New York, Chicago, London, Frankfurt, Singapore and Tokyo, the hosting solution will enable customers to plug their trading applications into a single architecture designed to lower total cost of ownership, streamline deployment and improve time to market with a single point of access to global trading venues.
CJC will assist in the maintenance, monitoring, capacity management, and problem diagnosis and resolution for Thomson Reuters Hosting Solutions. The firm will also provide ongoing support and migration testing for any client moving from a deployed service to the Thomson Reuters hosted environment.
Mike Powell, Global Head of Enterprise Information, Thomson Reuters, commented: "CJC was a natural choice to support this expansion having already proven their expertise in optimising our existing market data infrastructure together with their track record of consistent execution throughout our longstanding relationship. Working with trusted partners is part of our overall strategy to provide the best possible service to customers through world-class hosting solutions."
Paul Gow, CEO, CJC, added: "Through its relationship with CJC, Thomson Reuters will expand the highly skilled team of market data experts that manage their worldwide hosting solutions. Our reputation is built on flexibility and quality of service, coupled with speed and high performance. Thomson Reuters selection of CJC endorses this."
CJC has a raft of global blue-chip clients, with over 20 financial institutions relying on its services to improve their market data infrastructures. Collectively, CJC's consultants have over 300 years of experience in advising on and implementing market data systems from all suppliers. CJC services include needs assessment to pre-implementation design and installation, to user and support staff training, and ongoing maintenance, administration and service optimisation.