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

Stop Press: Thomson Reuters Drops Enterprise Data Management Platform

Subscribe to our newsletter

In the same week that Markit announced plans to acquire Cadis, rival data vendor Thomson Reuters has confirmed plans to exit the enterprise data management platform business. The company has decided to withdraw its Enterprise Platform for Data Management product, and will focus instead on enterprise content in the form of pricing, valuations, corporate actions and other reference data.

In response to enquiries from Reference Data Review, the company issued the following statement:

“Thomson Reuters confirms it is winding down its data management product. This move follows customers’ requirement for more bespoke, consultancy-led solutions for data management. The company is working closely with the limited number of customers affected to provide each customer with a suitable transition plan and ongoing support.

“Thomson Reuters commitment to meeting its customers’ data management requirements remains as strong as ever. In the current regulatory environment the Company sees a great need for bespoke solutions and will focus on providing customers with tailored solutions to optimize end-to-end data management through its Data Consulting business. The Company also continues to provide specialised data management solutions such as Thomson Reuters DataScope Legal Entity Data and DataScope Evaluated Pricing Service.”

According to sources, the decision to drop Enterprise Platform for Data Management was taken a few weeks ago. The platform had been under evaluation for some time. Following the various rounds of corporate reorganisations, responsibility for the platform had fallen to incoming executive Brennan Carley, who joined recently from Omgeo to lead the Elektron platform business. His remit appears include several of the responsibilities of the former Enterprise executive Terry Roche, who departed as part of the recent restructurings and was responsible for the Enterprise Platform (both for Data Management and for Real-Time).

The demise of Enterprise Platform for Data Management seems to mark the end of any commercial deployment of technologies Thomson Reuters acquired via its 2007 purchase of the M35 platform, elements of which were also used in the TopOffice risk management system, now spun off to Turaz.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Streamlining trading and investment processes with data standards and identifiers

3 June 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Financial institutions are integrating not only greater volumes of data for use across their organisation but also more varieties of data. As well, that data is being applied to more use cases than ever before, especially regulatory compliance and ESG integration....

BLOG

Strong Governance, Privacy Policies Can Negate AI Risks, Informatica Says

Debate about the limitations of artificial intelligence (AI) in data management was stoked further this week when a leading vendor warned that applications built on nascent large language model (LLM) technology could pose an “existential threat” to companies if not deployed thoughtfully. Jason du Preez, vice president of privacy and security at cloud data management...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...