About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Thomson Reuters’ Craig: The Future is Cloud

Subscribe to our newsletter

Thomson Reuters expects the financial markets to move to a cloud-based, managed services delivery model, and it is positioning its Elektron platform to meet that requirement, says David Craig, president of the company’s Financial & Risk unit.  Craig was interviewed by A-Team’s Andrew Delaney, for sister community ReferenceDataReview.com.

By leveraging the Elektron infrastructure, Thomson Reuters is simplifying the process of distributing its data: “We’ve blown through the concept of having separate worlds for delivery of our data,” says Craig. The result is that all users will receive the same data, regardless of what it is and how they receive it, and the costs of delivery will be reduced. Another benefit of Elektron – and the Eikon workstation that it supports – is a reduced customer site equipment footprint.

Perhaps more importantly, Craig points out the resiliency of Elektron’s cloud approach. “[Hurricane] Sandy taught [the industry] that situating resiliency 10 miles away is flawed as a contingency strategy,” he says. “Infrastructures that performed well during the storm had 24/7 cloud environments. Elektron and Eikon had almost no issues. Sandy was a moment of truth for our industry.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The future of market data – Harnessing cloud and AI for market data distribution and consumption

25 June 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Market data is the lifeblood of trading, but as data volumes grow and real-time demands increase, traditional approaches to distribution and consumption are being pushed to their limits. Cloud technology and AI-driven solutions are rapidly transforming how financial institutions manage, process,...

BLOG

Trading the Middle East & North Africa: Connectivity, Data Systems & Processes

The MENA region is emerging as a compelling yet complex landscape for global investors, marked by rapid economic growth, evolving regulations, and unique infrastructural challenges. Within this environment, how are technological upgrades in exchanges transforming the trading landscape? And, importantly, what hurdles still exist for those looking to establish a foothold in these burgeoning markets?...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...