Refinitiv Launches Cloud-Based Data Access in Asia
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Major financial data provider Refinitiv has launched a new service providing real-time data through cloud-based delivery in Asia, leveraging Amazon Web Services.
The service, named Elecktron, is designed to simplify access to real-time price information and eliminate the need to invest in physical infrastructure. In addition, delivery through Amazon Web Services enables greater flexibly in how the data is used.
«It’s clear to us that Asia-based firms are starting to aggressively accelerate their cloud plans as they realize how leveraging the cloud across their market data infrastructure can help them move faster, grow their business, reduce their costs and better manage their risks,» said Alfred Lee, APAC managing director at Refinitiv.
According to a Refinitiv survey with senior tech and market data managers, investments in the public cloud are expected to increase with 86 percent of firms in Asia claiming to use it for the majority of market data needs in less than four years.
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 innovative use cases,» added Brennan Carley, global head of enterprise at Refinitiv, which is onboarding an increasing number of clients in the region including Hong Kong-based global payments and FX platform Currenxie.
We believe the cloud is transformational for how the financial community consumes data.
Questions & Answers
Q.What is the primary purpose of Refinitiv's new Elecktron service?
What is the primary purpose of Refinitiv's new Elecktron service?
The Elecktron service is designed to simplify access to real-time price information for Asia-based firms. It removes the need for them to invest in physical infrastructure for data access.
Q.Why did Refinitiv choose to launch this service in Asia?
Why did Refinitiv choose to launch this service in Asia?
Refinitiv observes that Asia-based firms are actively accelerating their cloud plans. They see cloud using as a way to move faster, grow their business, reduce costs, and manage risks better.
Q.What is the expected trend for public cloud investments in Asia according to Refinitiv's survey?
What is the expected trend for public cloud investments in Asia according to Refinitiv's survey?
Investments in the public cloud are expected to increase significantly. A survey indicated that 86% of firms in Asia anticipate using public cloud for most market data needs within four years.
Q.Which company is mentioned as a client already using the new Elecktron service?
Which company is mentioned as a client already using the new Elecktron service?
Currenxie, a global payments and FX platform based in Hong Kong, is mentioned as a client already being onboarded to the new Elecktron real-time cloud delivery service.
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