Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Thomson Reuters makes real-time data easily accessible in the cloud as part of plans to deliver all its financial data and tools in the cloud
Thomson Reuters makes real-time data easily accessible in the cloud as part of plans to deliver all its financial data and tools in the cloud

Published : , on

Enhancement to Elektron Data Platform makes all real-time pricing data more easily accessible via a cloud API, including over 70 million instruments from over 500 global exchanges and thousands of OTC markets.

 In a major step forward for the consumption of financial data in the cloud, Thomson Reuters is making its comprehensive real-time data accessible in the cloud to make it easier for firms to power their cloud-based business applications with real time pricing information.

This means clients will have increased flexibility in how they use the data, from portfolio management to analytics or post trade uses, whether they need the data on-premise, in the cloud or on mobile.

The new delivery option can simplify access to real-time price information across the financial community and beyond by taking away the need to invest in on-premise infrastructure. It also helps clients be more nimble by helping accelerate time to market for businesses that need access to real-time data.

The Thomson Reuters Financial & Risk business is committed to making all its trusted data and services available easily to clients in the cloud via the Elektron Data Platform. The Elektron Data Platform is an integrated content and capabilities platform designed to enable clients to get the data and analytics they need from a single trusted platform with the ability to integrate their own data, offering a range of delivery options to distribute information to wherever it is needed.

The enhancement to the Elektron Data Platform will initially provide access to real-time data on the secure and scalable Amazon Web Service (AWS) Cloud in North America, with plans to expand to Europe and Asia later this year. With the cloud API, data can be consumed natively on AWS, directed to applications based in other cloud environments, or to an on-premise environment.

As a simplified, conflated real-time service, the real-time in the cloud service can power up to three client applications at three updates per second across 50,000 instruments at the same time, which can be selected from the full universe of over 70 million instruments covered by the Elektron Data Platform.

DriveWealth Technologies, a digital broker-dealer for retail investors, is among the clients to be using the Elektron real-time in the cloud delivery.

Harry Temkin, Chief Information Officer of DriveWealth Technologies, comments: “Our business is using the cloud to improve our agility and being able to access real-time pricing data means we can power our business applications with trusted information from Thomson Reuters, with a simple solution that was up and running in a matter of hours.”

“The financial community is increasingly building smarter machines using the cloud to move faster, be more innovative and succeed,” says Brennan Carley, Global Head of Enterprise for the Financial & Risk business at Thomson Reuters. “Smarter machines are powered by data, which is why we are making it easier for clients to consume our comprehensive and trusted data and tools in the cloud. Combining the breadth and depth of our data with the flexibility and agility of the cloud lowers barriers to entry and helps clients be more nimble as they identify opportunities to build long-term competitive advantage. We are committed to supporting our customers in the cloud, by making our clean, normalized and linked data and tools more accessible in whichever cloud they want to use.”

Brad Bailey, Research Director at Celent, comments: “The cloud is becoming central to innovation in the front office, a key endpoint in the capital market infrastructure. This is especially true in enabling agility in market data access, usage, and, storage. Moreover, the cloud is allowing firms to leverage their data for the next wave of analytics, predictive analysis, and machine learning.”

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post