Standard Chartered Bank Invests In Reuters Technology to Scale Its Trading Business

Reuters and Standard Chartered Bank have signed a deal for Reuters Market Data System (RMDS) in Singapore, whereas Standard Chartered Bank will be taking Reuters Market Data System will replace its current Triarch infrastructure. "Standard Chartered now has enhanced capability

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Reuters and Standard Chartered Bank have signed a deal for Reuters Market Data System (RMDS) in Singapore, whereas Standard Chartered Bank will be taking Reuters Market Data System will replace its current Triarch infrastructure.

“Standard Chartered now has enhanced capability to deliver critical real-time prices and news across our global network, in a fully resilient and scaleable fashion,” said Mike Bass, global head of rates & FX at Standard Chartered Bank. “RMDS manages financial content in real-time across trading environments and will be deployed by the bank to feed both their desktop users and their business-critical internal pricing engine.”

Prices from the RMDS engine will be distributed to internal and external users using Reuters data transformation and contribution technology.

“Standard Chartered Bank’s global role in Singapore underlines the significance of RMDS and its ability to optimise quality and service for customers who need to be connected world-wide,” said Eddie Haddad, Reuters Asian Managing Director. “Using Reuters market data system at the heart of the bank’s infrastructure will provide the bank with a cost efficient and high performance solution.”

In addition to serving Reuters desktop product, Reuters 3000 Xtra, RMDS will also feed the bank’s trading platforms. Banks using Reuters leading market technology in the direct feeds will get a better level of resilience and ultra-low latency without data loss, standardized across a single data model.

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