Refinitiv and ITRS Group announce renewed partnership agreement
- 03.07.2020 08:02 am
ITRS Group (“ITRS”), the leading provider of estate monitoring, capacity planning, IT analytics and load testing to cross-industry enterprise clients, has announced a renewed partnership with Refinitiv. The collaboration will ensure the health of critical market data feeds for the global financial services industry.
Refinitiv clients will now have access to Market Data Monitoring (MDM) allowing them to analyse, in real-time, the status and integrity of market data distribution. The integration will enable market participants to detect latency issues, even down to the number of milliseconds since the last tick was published directly to the pricing source. For firms looking to buy and sell instruments at the latest price, this understanding of excessive data movement will avoid significant and unnecessary losses, particularly during periods of market volatility.
Mark Loader, Executive Director at ITRS Group: “We are thrilled to be working with Refinitiv again, our original partnership in 2011 created a tailored solution to offer real-time monitoring focused on critical parts of TREP enterprise platform. The MDM plug-in takes this one step further to support their clients with data quality and latency monitoring to ensure the market data they are working with is of the highest standard.”
Matt Eddy, Director of Real-Time Delivery & Integration at Refinitiv commented: “Now more than ever, systems management and monitoring is critical for our clients as we experience highly volatile markets as a result of the Covid-19 pandemic. Understanding their latency is a key area that they will focus on, as there is a risk that if firms are trading behind the market, this can lead to some huge losses. Our partnership with ITRS is removing this risk for their clients as it allows them to track latency directly from the source.”