Reuters has chosen Vhayu Velocity tom capture, analyze and store multi-asset class real-time market data for Reuter’s wealth management offering.
Following client demand and dramatic increases in market data volumes, Velocity was chosen based on its ability to process data from any asset class, publish configurable intervals of time series data and store more than twenty years worth of historical tick data.
In deploying Velocity, Reuters can phase out a legacy in-house database to effectively scale their operations, decrease data latency and deliver global, real-time cross market data to wealth management professionals.
“We have worked closely with Vhayu over the past two years via our redistribution partnership and receive continuous positive feedback from our customers who have implemented the Reuters Tick Capture Engine, powered by Vhayu Velocity. This established partnership combined with the fact that Velocity is already so tightly integrated with RMDS was instrumental in our selecting Vhayu for this project,” says Gerry Campbell, president and global head of Search & Content Technologies, Reuters.
“As market data volumes continue to explode, there is significant competitive advantage to be gained by firms that can capture cross market data in real-time and calculate, save and publish custom analytics in one system. By selecting Vhayu Velocity, Reuters can leverage the only platform on the market that fully supports each step required in a streaming real-time multi-asset class environment. We are pleased that our strong partnership with Reuters continues to deliver substantial business and technical benefits to customers,” adds Jeff Hudson, CEO, Vhayu.