Thomson Reuters (NYSE:TRI) has expanded the scope of its comprehensive operations, tapping into one of the largest data centers in the world, the Equinix NY4 International Business Exchange (IBX) data center, located in Secaucus, NJ, according to a company statement.
In particular, the group has launched its Elektron Managed Services at the NY4 data center, helping satisfy a lingering need for the mitigation and reduction of capital expenditure and operational risk from multiple financial service venues. The decision to link up to the NY4 data center in Secaucus also complements Thomson Reuters’ existing infrastructural agenda, which is also tied to the NJ2 location in Weehawken, NJ.
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Opting to link up to high-speed data centers has been an ongoing trend over the past few years as companies look to tackle latency issues and scalable costs. The initiative also helps firms relying on Thomson Reuters’ Elektron Managed Services, which will now yield a wide range of benefits from integrating with NY4, including more robust market data and platform services at a reduced cost.
According to Paras Sidapara, Global Head of Managed Services, Thomson Reuters, in a recent statement on the integration: “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.”
“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,” explained John Knuff, Vice President of Digital Payments, Equinix, in an accompanying statement.
“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.”