Refinitiv, formerly the Financial and Risk business of Thomson Reuters, has announced that its Elektron real-time data delivery using Amazon Web Services (AWS) is being expanded.
In a recent survey of 250 financial firms across the globe, Refinitiv found that over 90% of firms surveyed said that they will use public cloud for the majority of their market data needs in less than four years. Further, 24% of them said that they expect to use public cloud for the majority of their market data needs within just one year.
In a release issued today, Refinitiv says that Elektron real-time cloud delivery can simplify access to real-time price information across the financial community and beyond by taking away the need to invest in on-premises infrastructure. The firm says that it also helps clients be more nimble by helping accelerate time to market for businesses that need access to real-time data.
“To provide a fantastic service to our customers, our business needs high quality, reliable and comprehensive data on the foreign exchange markets,” says Dan Phelps, Travelex’s global director of architecture. “We’re excited to be working with a partner with the same technology philosophy as us. Cloud is core to our future tech strategy, and as we host our platform on AWS, consuming Refinitiv’s data via the Elektron AWS delivery is a simple and effective solution for us.”
“If the market is volatile, traders need to be able to access actionable insights and market information quickly – Refinitiv‘s solution allows us to do this, without breaking the bank,” comments Andrew Dick, CTO at SelfWealth, a flat-fee share brokerage platform based in Australia.
He adds: “The initial set up with the WebSocket API was smooth, and made even easier by clear documentation and responsive support.”
DelphX, a technology company focused on diffusing default and other risks in the global fixed income markets by changing the way credit capital returns are secured, is another user of the Elektron data product.
“We needed a solution that could integrate easily with our distributed systems and accommodate robust, low latency inflows of market-pricing data. We found the Elektron Data Platform cloud delivery to be ideal for our purposes,” states DelphX CTO, Stephen Bacso.
Brennan Carley, global head of enterprise for Refinitiv, says: “We believe the cloud is transformational for how the financial community consumes data. The initial success of our Elektron real-time cloud delivery shows the benefits of combining high quality data with simple access across a broad range of use cases.”