A-Team Insight Blogs

Refinitiv Taps Influx DB for Cloud-Based Trading Analytics

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Your email address will not be published.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 *

*

Share article

Related content

WEBINAR

Recorded Webinar: Deploying cloud solutions in modern trading infrastructures

Don’t miss this opportunity to view the recording of this recently held webinar. Cloud technology and other hosted solutions are finding increasing favour in in modern trading infrastructures, but how best can they be deployed and what can they deliver? The webinar will discuss the challenges and opportunities of cloud and hosted trading solutions, and...

BLOG

Intelligent Trading Summit: In Search of Agile Trading Solutions

As firms look beyond latency to improve trading and risk strategies, on-demand agility is coming into the picture, offering the ability to model and test strategies in accelerated time throughout the trading day. Last week’s A-Team Group Intelligent Trading Summit in New York considered the issues of on-demand agility and how it can be achieved...

GUIDE

The Trading Regulations Handbook

Need to know all the essentials about the regulations impacting trading infrastructure? Welcome to the first edition of our A-Team Trading Regulations Handbook which provides all the essentials about regulations impacting trading operations, data and technology. A-Team’s Trading Regulations Handbook is a great way to see at-a-glance: All the regulations that are impacting trading technology...