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CJC, a leading independent market data technology consulting and services firm, has announced the launch of a DACS in the Cloud solution to the capital markets community.

This solution can be offered at varying levels of service from simple cloud deployment with remote management, to a fully managed, technical and commercial solution.

CJC have unrivalled, global experience and expertise in managing and supporting Refinitiv's TREP market data distribution platform, according to a press release by the firm, of which DACS is a major component.

CJC currently manages 150 DACS globally, according to the press release, so therefore understand the kind of challenges enterprises face in four key areas; migration to appropriate versions of the product, global consolidation of regional platforms, upgrades of operating systems and hardware, and database maintenance. By leveraging public cloud technology, the CJC solution provides agility and operational efficiencies, while reducing costs.

As part of CJC's broader capabilities, the firm provides cloud-based managed services for multiple market data solutions, including Refinitiv's TREP, BCCG's One Platform and Push Technology's Diffusion Server. CJC's approach deconstructs the traditional installation, allowing the firm to deploy and manage using cloud native technologies, including Kubernetes, Virtual Machines (VMs) and Containers, to accelerate deployment and ongoing management. Deployments provide full isolation between customer environments for security and compliance, as well as a full audit trail.

CJC's DACS in the Cloud solution uses the above approach while preserving all DACS functionality, with management and monitoring 24/7 by CJCs global support operations.

Peter Williams, CTO, CJC, said We are delighted to launch our DACS in the Cloud solution into the capital markets. The launch forms part of a wider enablement programme for customers and partners to deploy complex market data workloads into the cloud, as well as accelerate cloud strategies throughout the industry.

This has all been made possible by our Cloud Tools, which were developed to provide automated deployment and management of cloud-based applications. We are now partnering with major cloud providers and software vendors to provide the initial solutions for a marketplace of managed financial solutions, continued Williams.

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