Bursa Malaysia Selects Thomson Reuters For Data Distribution Platform
Thomson Reuters today announced it has been selected by Bursa Malaysia to deliver a new data distribution platform to support their growing trading business. Under the terms of the agreement Thomson Reuters will provide its enterprise platform for high performance information management and real time market data dissemination, improving the services offered by the exchange to brokers.
Following an intensive evaluation phase, Bursa Malaysia selected Thomson Reuters based on the performance and scalability of its solutions to establish an effective and reliable data management platform for the Exchange. The offering combines the latest versions of Thomson Reuters Market Data System and direct feed technology to deliver a low latency, fully redundant and highly scalable real time platform. The platform integrates incoming data feeds from Bursa Malaysia and publishes them for distribution to their members. Market participants will gain unparalleled performance for price discovery, transparency and price improvement.
Lim Jit Jee, Chief Information Officer of Bursa Malaysia said, “As our market grows bigger and more sophisticated, there is greater need to ensure that our data distribution platform caters to speed and scalability of the changing landscape. This new market data gateway from Thomson Reuters will be beneficial to our customers as it allows the Exchange to package market data according to our customers’ needs, as well as ensure that information is distributed in an expedient manner.”
Edward Haddad, Managing Director, ASEAN, South Asia & Pacific, Thomson Reuters, said: “By providing Bursa Malaysia a complete data delivery solution, Thomson Reuters is reinforcing its commitment and ability to provide market leading technology, data, and support services to global exchanges. We are delighted to collaborate with Bursa Malaysia in support of their evolving infrastructure.”
This agreement further underlines Thomson Reuters ability to provide exchanges and electronic trading platform providers with flexible, high performance technology and content solutions to support their business needs.