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Your email address will not be published.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: Optimising fast market data using high performance technologies

You can listen to the recording of this webinar by registering on this page. While the need for speed is no longer the only key requirement of trading, it remains near the top of the agenda with successful firms benefiting from higher fill rates and improved execution quality. So how can this be achieved at...

BLOG

CJC Promotes Steven Moreton to Lead Product Development and Hires Karen Love to Drive Business Development

CJC, the London-based specialist in IT managed services and cloud technology for capital markets, has promoted former senior technical director Steven Moreton to the role of global head of product management. It has also appointed Karen Love to drive global business development. Moreton, who has spent nearly twenty years working globally in capital markets across...

GUIDE

Directory of MiFID II Electronic Trading Venues 2018

The inaugural edition of A-Team Group’s Directory of MiFID II Electronic Trading Venues 2018 offers a guide to the European landscape resulting from new market structure introduced by the January 3, 2018 implementation of Markets in Financial Instruments Directive II (MiFID II). The directory provides detailed profiles of more than 70 venue operators and their...