Integration Key Driver In Vhayu Buy
TRADING TECHNOLOGY
The two vendors have been partners for four years. The relationship began when Thomson Reuters chose to partner with a vendor that was able to store vast amounts of data and then run analytics on that data-rather than building that capability in-house, says Jeff Hudson, formerly CEO of Vhayu. He will stay on at the combined entity, serving as global head of Vhayu.
After doing some integration work for a few clients together, Thomson Reuters and Vhayu solidified their partnership by releasing joint products and have worked to integrate Vhayu's Velocity software with Thomson Reuters Market Data System (RMDS) and have designed a single, normalized view for Reuters Real-Time Data and Reuters DataScope Tick History. Thomson Reuters has also been distributing Velocity under the Reuters Tick Capture Engine label for the last four years, say vendor officials.
"We want to be able to offer clients a comprehensive suite of data management capabilities that are integrated so that the client can spend their time on doing value-add work and not on doing integration and plumbing," Parlapiano says.
Clients will benefit from having one point of contact for support, integration and training, says Parlapiano. Thomson Reuters will also continue to offer the Vhayu products as open systems, so that clients who wish to integrate their own data sources or third-party data into the Vhayu software are able to do so, Parlapiano adds. Thomson Reuters is looking into offering the Vhayu engine on a hosted basis through Thomson Reuters' global hosting centers, he says.
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