Exclusive Online Only ContentMF Global Selects CJC for Market Data Infrastructure Upgrade
June 24, 2009
Derivatives broker and markets intermediary MF Global is expect today to announce it has selected London-based market data consultancy CJC to perform a hardware refresh and upgrade of its Thomson Reuters Market Data System (RMDS) to Version 6.0. According to the agreement, CJC will manage the upgrade of MF Global’s market data infrastructure, supporting traders at two of its major sites globally.
Lee Murthwaite, infrastructure manager at MF Global, explained that the firm needs to upgrade its market data system’s capacity in order to match its business growth and ensure faster delivery of price data to traders. “After considering numerous providers, we chose CJC for its responsive, efficient and customer-centric approach,” he said. “We were impressed with CJC consultants’ high level of expertise and ability to meet our tight timeframes.”
The project is currently in planning stage and the upgrade is due to be complete by the end of June. To deliver the upgrade, CJC will Install Thomson Reuters’ software on HP equipment running the Linux operating system. CJC will fine-tune the market data system to its optimum level to cope with the growth of MF Global’s business.
CJC said it has already thoroughly tested the market data system and performed data validation and other optimization techniques ahead of user and application migration.
