Online business information provider Reuters is at the closing stages of a three-year project, worth more than #45 million, to build the world?s largest commercial data warehouse.
The data warehouse is to provide real time and historical information for Reuters? 3000 Series of products. The 3000 assists investment managers, sales analysts and corporate treasurers in making detailed analyses of financial markets and instruments.
As part of this project, Reuters has installed five NCR Worldmark 5100 servers, worth #30 million, which will be integrated with the company?s existing NCR massively parallel processing systems.
The warehouse will be based in London with back-up in Geneva. ?It will enable us to provide historical information such as price data on bonds and the performance of a sector, which we weren't able to before,? explained a Reuters spokesperson. The warehouse will also provide access to 2,500 publications worldwide.
Jeremy Penn, Reuters' international marketing director for equities, said: ?We are responding to a demand from the financial community for real time data combined with historical analysis as people increasingly use large amounts of historical data to analyse investment opportunities. Upgrades will continue as we roll out the service to more of our customer base.?
NCR has hailed the deal as a ?significant milestone? as it works hard to re-establish its name in the market since its spin off from AT&T. NCR marked its first business day as an independent, publicly traded company last week by flying the NCR flag outside the New York Stock Exchange. NCR chairman Lars Nyberg signaled the end of the trading day by ringing the closing bell.
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