Overall Best Data Provider: Thomson Reuters
IMD/IRD Awards 2018
With a private equity deal on the cards, it is no surprise that one market data vendor is making headlines in 2018. At the beginning of the year, Thomson Reuters announced it would sell 55 percent of its financial and risk business to a Blackstone-led consortium, a nod to Thomson Reuters’ robust data and analytics offering. After being named Best Reference Data Integration Vendor and rising to the top of the reader survey for Best Market Data Provider (Vendor), Thomson Reuters was this year bestowed the prestigious, editorially decided, Overall Best Data Provider award.
Max Bowie, editor of Inside Data Management, says: “We chose Thomson Reuters as this year’s winner not just on the basis of those categories it won, but also on the strength of entries in other categories and the breadth of its overall offering.” The award reflects Thomson Reuters’ status as a trusted vendor with an extensive breadth and depth of reference and market data offerings, and also recognizes the firm’s recent work to help the industry through implementation of the revised Markets in Financial Instruments Directive (Mifid II) by investing $50 million in its Mifid II-compliance program. “It was a number-one priority for 2017, and the feedback is that we have done a phenomenal job,” says Brennan Carley, global head of enterprise at Thomson Reuters, who spent the first weeks of the year in London to support the move to Mifid II.
In addition to the strong focus on helping the industry through a challenging year, Thomson Reuters has continued to enhance other content and services. Last year’s improvements range from the launch of a cryptocurrency sentiment data feed that uses machine learning and text analysis to quantify key themes and sentiments across over 2,000 global news and 800 social media sites, to the introduction of additional content to fuel transparency in the fixed-income market.
However, regulation is still the main driver of change. With the Mifid II work continuing, Thomson Reuters has recently launched Velocity Analytics, and other regulatory initiatives on the radar include the Fundamental Review of the Trading Book (FRTB). “We have created an advisory board for FRTB, and have a major initiative under way there,” says Carley.
From a technology perspective, the vendor is also making strides by taking a cloud-first approach. This spring, quantitative analytics have been made available in the cloud, offering customers fast implementation times and no infrastructure needs. “We think the cloud will have as disruptive an impact on how asset managers and hedge funds run their infrastructure as the internet had 20 years ago,” says Carley. “You should expect to see more market data and other content-related offerings made available in a public cloud. We’re making a major pivot in that direction.”
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Technology innovator of the year (vendor)—Christy Bremner, SS&C Technologies
Christy Bremner, senior vice president, Institutional & Investment Management (I&IM) division at SS&C Technologies, wins technology innovator of the year (vendor) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Nasdaq reshuffles tech divisions post-Adenza