Refinitiv & ITRS Group renew partnership to boost data quality and latency monitoring

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Refinitiv and ITRS Group have announced the renewal of their partnership today in a bid to maintain the health of critical market data feeds for the global financial services industry. The renewed collaboration will enable Refinitiv’s clients to access Market Data Monitoring (MDM) and enable them to analyse the status and integrity of market data distributions.

Mark Loader, Executive Director at ITRS Group said, “We are thrilled to be working with Refinitiv again, our original partnership in 2011 created a tailored solution to offer real-time monitoring focused on critical parts of TREP enterprise platform. The MDM plug-in takes this one step further to support their clients with data quality and latency monitoring to ensure the market data they are working with is of the highest standard.”

According to Refinitiv, the partnership will enable market participants to detect latency issues and gain an understanding of excessive data movement, thus reducing the chances of significant losses during market volatility.

Recently, Refinitiv announced the launch of Refinitiv Compliance Archive (RCA), a unified compliance archive for unstructured message and trade data. The release came from the company’s collaboration with Global Relay, a provider of cloud-based communication archiving.

Matt Eddy, Director of Real-Time Delivery & Integration at Refinitiv commented, “Now more than ever, systems management and monitoring is critical for our clients as we experience highly volatile markets as a result of the Covid-19 pandemic. Understanding their latency is a key area that they will focus on, as there is a risk that if firms are trading behind the market, this can lead to some huge losses. Our partnership with ITRS is removing this risk for their clients as it allows them to track latency directly from the source.”