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CJC, BCC Group partner to enhance market data platform
Alliance provides 24x7 monitoring and service management of cloud-native offering
The Asset 14 May 2024

Market data service provider CJC and BCC Group, a software developer based in Frankfurt, Germany, have teamed up to enhance the ONE Platform, a cloud-native offering that brings financial data from any source directly to clients in real time.

The partnership provides BCG Group’s platform with 24x7 support, real-time monitoring, and end-to-end service management.

Leveraging London-based CJC's robust monitoring and critical infrastructure support experience, ONE platform data consumers will benefit from BCC Group’s consolidated vendor-neutral market data distribution platform, the companies say.

The alliance comes as the European Union requires full compliance with its Digital Operational Resilience Act (DORA) by January 2025. The regulation, which seeks to enhance the security of financial market participants against cyberattacks and similar disruptions, sets contractual requirements for companies in hiring third-party information and communication technology (ICT) service providers.

CJC says it is DORA-compliant and will support the ONE Platform from its existing 24x7 service via Singapore, Hong Kong, London, and New York.

CJC and BCC Group will jointly launch ONE Platform as a Service (OPaaS),  a multi-tenant cloud offering aimed at clients who would like to keep cost and complexity down by leveraging a shared infrastructure.

“As a global operating company, CJC will support BCC Group worldwide in the implementation and operation of the ONE Platform, Calcnode and other complementary products. CJC will also support us in the implementation of ONE Platform projects, including the migration of legacy applications to the modern and neutral ONE [application programming interface],” says BCG Group chief executive officer Mauricio González Evans.

Paul Gow, CJC founder and CEO, adds: “In our 25th year it's great to be working with Mauricio and the team at BCC Group who have been pioneers in getting market data to the cloud with the powerful ONE Platform. This combination of vendor-neutral software and support providers puts end-users firmly in control of their data roadmap.”

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