Reuters Market Data System (RMDS) has selected the SolarisTM 10 Operating System (Solaris OS) to increase performance and reduce latency in algorithmic trading. Future generations of RMDS will support Sun's new x64 platform and with the Solaris 10 OS will allow its customers to better manage market data content in real-time across a trading environment.

"Reuters customers ask for increased choice, lower costs and lower latency. In response, we will offer new and existing RMDS customers the additional benefits available from Solaris 10," explained Michael Parlapiano, EVP, Information Management Solutions at Reuters.

Reuters plans to set up "proof-of-concept" trials for qualified customers and expects its RMDS to be running on the Solaris 10 OS for general availability by the end of 2005. As a global information company, Reuters provides information tailored for professionals in the financial services, media and corporate markets that rely on speed, accuracy and independent reporting.

"We appreciate that Reuters has extended the choices for its financial customers, and we look forward to future decades of successful deployments on Solaris OS," commented Stuart Wells, EVP, Strategic Development and Sun Financing, Sun. "Latency is mission critical in the increasingly competitive landscape, and we are pleased that Sun's R&D and partnership with Reuters has helped further close the gap."

Explaining the importance of latency and algorithmic trading, Larry Tabb, president of Tabb Group, a knowledge leader in the financial markets, said, "Algorithmic trading and direct market access are the biggest disruptors in modern-day markets going from virtually 0 percent to 31 percent of institutional order flow over the past five years. To manage technology in this environment, firms need a massively reliable, scalable and real-time platform with virtually zero latency as firms now have to cope with market data speeds of up to 70,000 ticks per second. To capture, analyze and take advantage of data moving this fast, latency becomes more critical as milliseconds really matter."

For more than 20 years, Reuters and Sun have teamed to provide reliable and powerful systems and services to the financial services industry. The companies plan on joining forces on global marketing activities to promote this new offering.

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