About a-team Marketing Services
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

Recorded Webinar: Optimising cloud, marketplaces & managed data services

Financial institutions are under mounting pressure to rethink how they source, manage and distribute market data. Rising data volumes, multi-cloud adoption and the operational demands of regulations such as DORA are exposing the limits of legacy infrastructure, and driving firms toward managed services and cloud-native delivery models that can offer greater scalability, resilience and cost...

BLOG

Breaking Conway’s Law: Why Composable Trading Platforms Demand Organisational Change, Not Just Better APIs

Nearly 60 years ago, Melvin Conway observed that an organisation’s technology will inevitably mirror its internal structure. It’s a law that has aged uncomfortably well in capital markets, where billions spent on trading, risk and analytics systems have produced vertical stacks that reflect business-line org charts rather than the horizontal data flows firms now need...

EVENT

Digital Assets & Tokenisation Forum, New York

A-Team Group’s Digital Assets & Tokenisation Summit spotlights how global financial leaders are rapidly embracing programmable tokenised assets and DLT networks to achieve real-time, 24/7 peer-to-peer transactions.

GUIDE

Entity Data Management Handbook

Following on from the success of our Regulatory Data Handbook, A-Team Group is pleased to introduce its new Entity Data Management Handbook which is available for free download. This Handbook is the ultimate guide to all things entity data: Why Entity Data is important A full review of Legal Entity Identifiers (LEIs) Where they came...