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 Offers Three Open Source APIs and Plans More

Subscribe to our newsletter

Thomson Reuters has simplified access to its data feeds and services with a family of open source application programming interfaces (APIs) that are designed to help developers create innovative applications quickly and more easily than was previously possible.

The Elektron API family is a response to customer interest in open source APIs that can be extended to provide access not only to Thomson Reuters’ content, but also to third-party and proprietary content and systems. The APIs also meet customer requirements for APIs that are easier to use than Thomson Reuters’ existing UPA Ultra-Performance API and RFA Robust Foundation APIs.

The Elektron API family provides access to Thomson Reuters’ Elektron market data delivered by Elektron Real Time and content delivered using the Thomson Reuters Enterprise Platform, although the company is planning to provide open source APIs for all its services over time. The initial family includes four APIs: a low-level Elektron transport API that is a rebrand of UPA and is not open source but provides high performance for tasks such as the development of algorithm based apps; an open source Elektron messaging API that will be available in about two weeks; an open source Elektron object API that includes data structures of financial objects and will be available in the fourth quarter of this year; and an open source Elektron web API that will also be available in the fourth quarter and will allow developers to build and run apps in a browser.

The APIs are being made available to Thomson Reuters’ Developers Community and carry a small charge for support. They can also be downloaded from the GitHub open source platform free of charge, but with no support. The company’s existing RFA APIs will continue to be supported by Thomson Reuters.

Brennan Carley, head of platform and analytics, financial and risk, at Thomson Reuters, says: “We expect in-house developers in both buy- and sell-side firms and third-party application developers to use the Elektron APIs. These APIs lower the bar in terms of making it easier and quicker for developers to innovate and create new applications. For example, our existing APIs use 500 to 600 lines of code to consume market data, while the new APIs use 20 to 30 lines.”

Design and development of the Elektron API family was supported by five banks that took part in an early access project and went on to use the APIs in a beta programme that is now finalising the APIs that will be released later this year.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best Practices for Building High-Performance Data Infrastructures

The requirement for high-performance data systems to support trading analytics for hedge funds, high-frequency trading firms and electronic liquidity providers is well established. But the explosion in Big Data over the past several years has expanded the scope of inputs being used by these firms. At the same time, cloud technologies have added complexity to...

BLOG

AllianceBernstein Adopts Glue42 to Boost Trader Productivity

AllianceBernstein has turned to desktop integration specialist Glue42 to improve its trader interface with the aim of improving the user experience and boosting productivity. AB engaged Glue42 to support and organise its trader interface into a collection of micro applications that form a cohesive workflow. This approach will enable AB’s engineers build a framework that...

EVENT

RegTech Summit APAC

Now in its 2nd year, the RegTech Summit APAC will bring together the regtech ecosystem to explore how capital markets in the APAC region can leverage technology to drive innovation, cut costs and support regulatory change. With more opportunities than ever before for RegTech to add value, now is the time to invest for the future. Join us to hear from leading RegTech practitioners and innovators who will share insights into how they are tackling the challenges of adopting and implementing regtech and how to advance your RegTech strategy.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...