September 21, 2016
Thomson Reuters Helps Banks Reduce Costs and Operational Risks with New Data Presence at Equinix NY4 Data Center
NEW YORK – 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 as a Service, 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.
Thomson Reuters Elektron is a suite of trading and data propositions that powers the enterprise and connects global markets. Elektron delivers feeds from over 400 exchange-traded and OTC markets, along with analytics, distribution platform, and transactional connectivity to support workflow for financial services professionals.
More on Thomson Reuters Managed Services can be found here.
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 40 markets worldwide, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenue from clients in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key clients; and other risks described from time to time in Equinix’s filings with the Securities and Exchange Commission. In particular, see Equinix’s recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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