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Reuters and Sun Microsystems Broaden Availability of Reuters Market Data System

Strategic Insights

— 1 min read

Reuters, the global information company, and Sun Microsystems, Inc. have announced that the Reuters Market Data System (RMDS) will be available to run on Solaris 10 Operating System (OS), catering to customer demand for increased performance and reduced latency in algorithmic trading. This move aims to help customers better manage market data content in real-time across a trading environment. The partnership also includes the announcement that future generations of RMDS will support Sun's new x64 platform. Larry Tabb, President of Tabb Group, highlighted the importance of real-time data processing in the trading environment, stating that firms need a platform with virtually zero latency to cope with market data speeds of up to 70,000 ticks per second.

Key Takeaways:

  • Reuters and Sun Microsystems have expanded the availability of Reuters Market Data System (RMDS) to run on Solaris 10 Operating System (OS), aligning with customer demand for increased performance and reduced latency in algorithmic trading.
  • The partnership aims to provide customers with a reliable, scalable, and real-time platform to manage market data content in real-time across a trading environment.
  • Future generations of RMDS will support Sun's new x64 platform, enabling customers to benefit from increased performance and reduced latency.
  • Larry Tabb, President of Tabb Group, emphasized the importance of real-time data processing in the trading environment, stating that firms need a platform with virtually zero latency to cope with market data speeds of up to 70,000 ticks per second.
  • The partnership also includes global marketing activities to promote the new offering and "proof-of-concept" trials for qualified customers.

Statistics:

  • 70,000: Market data speeds that firms need to cope with in real-time.
  • 0% to 31%: Increase in institutional order flow attributed to algorithmic trading and direct market access over five years.
  • 5 years: Timeframe of significant increase in institutional order flow attributed to algorithmic trading and direct market access.
  • 2,300: Editorial staff employed by Reuters in 196 bureaux serving 129 countries.
  • 14,500: Number of staff employed by Reuters in 91 countries.

Sources:

  • Reuters (www.reuters.com)
  • Sun Microsystems, Inc. (www.sun.com)
  • Tabb Group (www.tabbgroup.com)
  • Reuters and Sun press release, dated [no date provided], circa 2005.

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