The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Thomson Reuters’ Craig: The Future is Cloud

Thomson Reuters expects the financial markets to move to a cloud-based, managed services delivery model, and it is positioning its Elektron platform to meet that requirement, says David Craig, president of the company’s Financial & Risk unit.  Craig was interviewed by A-Team’s Andrew Delaney, for sister community ReferenceDataReview.com.

By leveraging the Elektron infrastructure, Thomson Reuters is simplifying the process of distributing its data: “We’ve blown through the concept of having separate worlds for delivery of our data,” says Craig. The result is that all users will receive the same data, regardless of what it is and how they receive it, and the costs of delivery will be reduced. Another benefit of Elektron – and the Eikon workstation that it supports – is a reduced customer site equipment footprint.

Perhaps more importantly, Craig points out the resiliency of Elektron’s cloud approach. “[Hurricane] Sandy taught [the industry] that situating resiliency 10 miles away is flawed as a contingency strategy,” he says. “Infrastructures that performed well during the storm had 24/7 cloud environments. Elektron and Eikon had almost no issues. Sandy was a moment of truth for our industry.”

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