West Highland Unveils Caching, Monitoring Tool for Cutting Data Costs
West Highland's new RDF tool runs the gambit of data caching, entitlements and usage monitoring to support data cost management.
RDF provides an abstraction layer between data sources and consuming applications, and caches incoming data so that data requests from market data professionals or application developers are directed initially to data already stored in the cache, minimizing duplicate data requests to data vendors themselves, which can incur per-request charges. This also results in better response time while reducing network traffic over a firm’s corporate backbone, officials say. Clients can set up instances of
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