Refinitiv Brings its Financial Data to the Cloud for Customers in Asia

August 15, 2019 - 02:39
Refinitiv Brings its Financial Data to the Cloud for Customers in Asia

Full breadth and depth of Refinitiv’s real-time data available through flexible and secure AWS Cloud services


SINGAPORE- Media OutReach - 15 August 2019 - Refinitiv has launcheddelivery of its financial data to Asia-based clients leveraging Amazon WebServices (AWS) as it continues to expand its global cloud capabilities to meetcustomers' needs.


Refinitiv's Elektron real-time data is now available in theAWS Asia Pacific (Singapore) Region, improving service quality to customersbased in the region. The Elektron real-time cloud delivery is designed to simplifyaccess to real-time price information across the financial community and beyondby taking away the need to invest in on-premises infrastructure. It is alsodesigned to enable clients to be more nimble by helping them accelerate time tomarket for businesses that need access to real-time data.


A recent survey by Refinitiv ofsenior technologists and market data managers in the financial services sectorhighlighted that firms across Asia intend to rapidly increase their investmentin public cloud to maximize the benefits of  managing the financial data that powers theirbusiness decisions. In fact, 86% of firms surveyed in Asia said they will usepublic cloud for the majority of their market data needs in less than fouryears.


Anincreasing number of Refinitiv's Asia-based clients have been signing up to usethe service, including Currenxie, Hong Kong's leading global payments andcommercial foreign exchange platform.


"Havingreliable, real-time foreign exchange data is very important to ourbusiness," said Fahd Kasri, Chief Technology Officer at Currenxie. "Beingable to access Refinitiv's high quality data via a modern, cloud-basedWebsocket API hosted on the same AWS infrastructure as our platform is an idealsolution. We were able to go live in record time thanks to Refinitiv'scomprehensive documentation, outstanding support, and easy-to-use API."


"It's clear to us that Asia-basedfirms are starting to aggressively accelerate their cloud plans as they realisehow leveraging the cloud across their market datainfrastructure can help them move faster, grow their business, reduce theircosts and better manage their risks," said Alfred Lee, Managing Director, AsiaPacific at Refinitiv. "Refinitiv is directly meeting the needs of our clientsin this region through this cooperation with AWS."


"We believe the cloud is transformational for how thefinancial community consumes data," said Brennan Carley, Global Head ofEnterprise for Refinitiv. "The initial success of our Elektron real-timecloud delivery shows the benefits of combining high quality data withsimple access across a broad range of innovative use cases."


Headded: "Refinitiv's real-time financial content is delivered on AWS, socustomers have increased accessibility to data and flexibility in how it'sused. Together, we deliver data directly to customer applications anywhereglobally, while supporting integration and deployment of solutions requiringexact content, smarter analytics, and controlled distribution. Access toreal-time and historic content in minutes instead of days empowers predictiveanalytics, risk modelling with grid computing, data lakes for managing content,and business intelligence derived from machine learning."

"We'redelighted to be working with Refinitiv across Asia Pacific. From emergingfintech startups to global enterprises, AWS helps customers accelerate theirgo-to-market, automate and strengthen security, improve customer experiences,and lower costs. Refinitiv's Elektron on the AWS Cloud is a great opportunityfor customers in financial services to harness the power of data," said EdLenta, Managing Director, Asia Pacific, AWS 

About Refinitiv

Refinitiv is one of the world's largestproviders of financial markets data and infrastructure, serving over 40,000institutions in over 190 countries. It provides leading data and insights,trading platforms, and open data and technology platforms that connect athriving global financial markets community - driving performance in trading,investment, wealth management, regulatory compliance, market data management,enterprise risk and fighting financial crime.