Refinitiv, formerly the Financial and Risk business of information giant Thomson Reuters (NYSE:TRI), has just announced that its Elektron real-time data delivery using Amazon Web Services (AWS) is being expanded to meet high demand from clients across the globe.
Refinitiv uses AWS to enhance customer access to real-time financial data globally.
In a recent survey of 250 financial firms across the globe, Refinitiv found that over 90% of firms surveyed say they will use public cloud for the majority of their market data needs in less than four years. A quarter (24%) expect to use public cloud for the majority of their market data needs within just one year.
The Elektron real-time cloud delivery can simplify access to real-time price information across the financial community and beyond by taking away the need to invest in on-premises infrastructure. It also helps clients be more nimble by helping accelerate time to market for businesses that need access to real-time data.
Since the service launched in July, it has seen high global demand, with customers from Australia, Hong Kong, Europe and the US signing up. Customers that are using the service include:
- Travelex, an independent foreign exchange business.
To provide a fantastic service to our customers, our business needs high quality, reliable, and comprehensive data on the foreign exchange markets,” said Dan Phelps, Travelex’s Global Director of Architecture. ”We’re excited to be working with a partner with the same technology philosophy as us. Cloud is core to our future tech strategy, and as we host our platform on AWS, consuming Refinitiv’s data via the Elektron AWS delivery is a simple and effective solution for us.
- SelfWealth, Australia’s fastest growing and low-cost flat-fee share brokerage platform.
If the market is volatile, traders need to be able to access actionable insights and market information quickly — Refinitiv’s solution allows us to do this, without breaking the bank,” commented Andrew Dick, SelfWealth’s Chief Technology Officer. “The initial set up with the WebSocket API was smooth, and made even easier by clear documentation and responsive support.
- Delphx, a technology company focused on optimally diffusing default and other risks in the global fixed income markets by transforming the way credit capital returns are secured
We needed a solution that could integrate easily with our distributed systems and accommodate robust, low latency inflows of market-pricing data. We found the Elektron Data Platform cloud delivery to be ideal for our purposes,” stated DelphX CTO, Stephen Bacso.
We believe the cloud is transformational for how the financial community consumes data,” concluded Brennan Carley, Global Head of Enterprise for Refinitiv. “The initial success of our Elektron real-time cloud delivery shows the benefits of combining high quality data with simple access across a broad range of use cases.