First Derivatives wins analytics tech mandate
27 April 2016 London
Image: Shutterstock
Thomson Reuters has enlisted the help of First Derivatives (FD) for its analytics streaming solution, Velocity Analytics.
FD will provide its Kx technology to help power the financial data platform, which combines real-time data and reference data with the existing Thomson Reuters database.
According to FD, the mandate follows a review by Thomson Reuters of several real-time and in-memory technologies.
Velocity Analytics also includes market data from more than 70 external sources, allowing clients to build up their own data repositories.
Delivered from the private financial markets cloud network Thomson Reuters Elektron, the service intends to give client access to market data, for use with quantitive analysts and traders, or to help them meet regulatory requirements.
Mike Powell, managing director for enterprise capabilities in financial and risk at Thomson Reuters, commented: “Given Thomson Reuters’s global customer footprint and the demand across the industry for streaming analytics and market insight, driven by increasingly quantitative trading strategies and regulatory reporting requirements, demand should be strong for this solution.”
Brian Conlon, CEO of FD, said: “FD is pleased to partner with Thomson Reuters, using the ability of our Kx technology to enable real-time analytics on very large datasets to power the Velocity Analytics service.”
“This agreement significantly increases our channel-to-market and the service will be rapidly deployed to customers through Thomson Reuters Elektron, which will accelerate our growth in this market.”
FD will provide its Kx technology to help power the financial data platform, which combines real-time data and reference data with the existing Thomson Reuters database.
According to FD, the mandate follows a review by Thomson Reuters of several real-time and in-memory technologies.
Velocity Analytics also includes market data from more than 70 external sources, allowing clients to build up their own data repositories.
Delivered from the private financial markets cloud network Thomson Reuters Elektron, the service intends to give client access to market data, for use with quantitive analysts and traders, or to help them meet regulatory requirements.
Mike Powell, managing director for enterprise capabilities in financial and risk at Thomson Reuters, commented: “Given Thomson Reuters’s global customer footprint and the demand across the industry for streaming analytics and market insight, driven by increasingly quantitative trading strategies and regulatory reporting requirements, demand should be strong for this solution.”
Brian Conlon, CEO of FD, said: “FD is pleased to partner with Thomson Reuters, using the ability of our Kx technology to enable real-time analytics on very large datasets to power the Velocity Analytics service.”
“This agreement significantly increases our channel-to-market and the service will be rapidly deployed to customers through Thomson Reuters Elektron, which will accelerate our growth in this market.”
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