Best Market Data Provider (Vendor): Thomson Reuters
IMD/IRD Awards 2018
In a fiercely competitive financial industry, access to timely and high-quality data is critical to the success of any organization. Firms are therefore looking for vendors that can meet their ever‑changing data requirements driven by regulation, technology and business growth. Topping the reader survey this year as the Best Market Data Provider (Vendor) is data giant Thomson Reuters, which continues to demonstrate a zest for enhancing content sets and performance.
Thomson Reuters, which also clinched the Overall Best Data Provider award this year, stands out for the breadth, depth and quality of its information sources, and continuing enhancement of its Elektron Data Platform. “Data is the backbone of everything firms do, and that needs to be totally rock-solid,” says Marion Leslie, managing director, Enterprise, at Thomson Reuters.
To help customers remain at the top of their game, Thomson Reuters has continued to innovate and deliver new content sets on the Elektron Data Platform, which now carries 70 million instruments. Leslie explains that the past year has seen Thomson Reuters add everything from new Peruvian credit ratings and microsecond stamps for Tokyo, to a cryptocurrency real-time rates data feed. “You need continued investment in the infrastructure and platform,” she says.
From a technology standpoint, the past year has seen Thomson Reuters delivering improved speed too. The update frequency has grown to 7 million instrument updates per second, and regulatory changes such as the revised Markets in Financial Instruments Directive have led to the creation of 3 trillion new data points. “We’re making sure the data, performance and infrastructure matches market needs,” Leslie says.
Thomson Reuters sees a move to cloud-based technology on the horizon. “Most financial institutions have a target to leverage cloud technology, and they’re using it for everything from reducing total cost of ownership to leveraging technology such as artificial intelligence and machine learning. We’re making sure we partner with our customers as they start using these services,” says Leslie.
The first step has been to deliver cloud services to customers and work with them on proof of concepts, which will enable firms to transform the way they process data and address data management spend. “We have an open‑platform approach, and really allowing that connectivity will enable the customer to get full return on content,” she says.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Asia Awards 2024: Best transaction-cost analysis (TCA) solution—big xyt
Product: Open TCA
Asia Awards 2024: Best middle-office platform—EquiLend
Product: EquiLend Spire
Women in Technology & Data Awards 2024 winner's interview: Joanna Davies (OSTTRA)
OSTTRA's Joanna Davies won the vendor professional of the year (data and operations) category in this year’s Women’s awards.
WatersTechnology Asia Awards 2024: All the winners and why they won
Here are the vendor and end-user winners of the 34 categories that make up the 5th annual WatersTechnology Asia Awards, announced on June 20.
Asia Awards 2024: Best analytics solution—oneZero
Product: oneZero Data Source
Asia Awards 2024: Best alternative data provider—RavenPack
Product: RavenPack Factor Library