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

Recorded Webinar: Unlocking Competitive Edge with Outsourcing and Managed Services in Trading Technology

Outsourcing has emerged as a strategic solution for capital markets firms as trading technology infrastructures become more complex, data volumes grow exponentially, and regulatory pressures intensify. .By leveraging third-party expertise, firms can optimise operations, reduce costs, and focus on innovation in their trading technology stack. Outsourcing potentially enables firms to scale seamlessly, meet regulatory reporting...

BLOG

Beyond the AI Hype: Six Trading Technology Trends to Watch in 2025

The trading technology landscape is heading into 2025 with unprecedented momentum, driven by a convergence of regulatory changes, market structure reforms, and advances in core infrastructure technologies. While artificial intelligence dominates much of the conversation around fintech, the year ahead will also be shaped by broader, practical shifts—from faster settlement cycles and rising data costs...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...