What trends are you seeing in adoption of the Thomson Reuters Elektron environment for 2012?
The importance of managed service models has grown in recent years. Since the financial crisis of 2008, many firms have placed emphasis on cost efficiency as trading volumes and margins have been under pressure. As a result, impact of the build-versus-buy debate has begun to take effect and more firms are looking to outsource infrastructure that does not offer significant competitive differentiation but is a key part of their operations as a means of improving efficiency. Customers are turning to Elektron as a way to do this.
What trends are you predicting for capital markets firms and asset managers/hedge funds in 2012 in terms of cloud adoption?
Breaking new markets and growing new business is a major priority for firms in 2012. As the focus moves from developed to emerging markets, gaining access to these geographies is increasingly important. Cloud adoption gives firms the ability to achieve a local presence. For firms that don’t have the time or resources to set up their own local IT operations, cloud adoption provides local trading and data infrastructure for low latency connection to these key markets. The benefits of faster time to market, shifting investment profiles from up-front capex to service subscription models, and reducing the need for technical expertise to integrate and manage content and applications will become increasingly tangible.
What services does Thomson Reuters (in terms of applications and market data) provide in the private cloud?
In addition to infrastructure, Thomson Reuters delivers market data and application solutions through Elektron. Our data solutions provide access to real-time data from 350+ exchanges and OTC markets, along with derived analytics, proprietary news, tick history and third party content. A series of applications is also available via Elektron. Thomson Reuters Enterprise Platform for Velocity Analytics, Thomson Reuters News Analytics, Thomson Reuters Eikon for Hedge Funds, Thomson Reuters Matching Engine, amongst many others.
Which third party applications are running in Elektron?
Thomson Reuters has developed and maintained relationships with multiple third parties to enhance our application offerings on Elektron. StreamBase Event Process Platform is a CEP technology platform that supports algorithm development for customers. Redkite Redeye Market Surveillance Solution is a real-time trade surveillance solution also available on through Elektron. ITRS Infrastructure Management & Monitoring Solution offers management capabilities for multiple trading and risk applications and Panopticon Visual Analysis Dashboard Technology provides data visualization capabilities.
All of these applications in combination with Elektron supply an integrated architecture to support every part of the trade lifecycle. Additionally, our Elektron Hosting infrastructure allows us to deploy any client applications they specifiy, offering access to our breadth of market data and data management capabilities in a managed service environment.