A-Team Insight Blogs

Refinitiv Taps Influx DB for Cloud-Based Trading Analytics

Share article

Refinitiv has selected Influx DB to help build additional cloud-based analytics services. The initiative is part of a wider move to shift delivery of Refinitiv services, including real-time and other data, to a service-oriented cloud-based platform requiring minimal client-side equipment or maintenance. The InfluxDB analytics will add to the company’s Velocity Analytics and QA Direct solutions and offer alternative use cases.

Influx DB appears to be a good fit with Refinitiv’s cloud ambitions. The company applies machine learning techniques with real-time analytics to separate the signal from the noise in a broad range of business use cases, including trading in equities and other securities.

Refinitiv supports at least the two analytical capabilities noted above. For one, it offers Velocity Analytics powered by Northern Irish fintech First Derivatives’ long-established Kx time-series database. Thomson Reuters initially acquired the Velocity analytics solution as part of its 2009 acquisition of Vhayu Technologies. At the time, Thomson Reuters said Velocity would be an integral component of its quantitative and event driven trading system that provided tools for pre-trade analytics and trading strategies.

Refinitiv also inherited the former TRQA (Thomson Reuters Quantitative Analysis) platform. Now Refinitiv QA and moved into the Microsoft Azure cloud as QA Direct in November 2018, this solution provides quantitative analysts with relatively ‘raw’ historical, fundamental and tick data for use in development and support of analytical trading models. Thomson Reuters also partnered with big data analytics specialist Palantir to offer a ‘packaged’ set of analytical tools available via a so-called TRQA Studio product.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Upcoming Webinar: Moving the trading technology stack to the cloud

Date: 17 September 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Migration of financial apps and data to the cloud is well underway as financial institutions take the opportunity to cut the cost of running systems on premise, scale as and when required, and spin up test environments quickly and inexpensively. Moving the...

BLOG

Refinitiv Banks on Silver Lining as Cloud Delivery Features High on Trading Product Agenda

As it comes to terms with its new ownership under Blackstone Group, Refinitiv is continuing apace with its long-stated aim of incorporating cloud into its delivery options for the trading environment. Acknowledging that not all trading-related data and activities are appropriate for cloud, the company is deep into its programme to offer cloud delivery where...

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...