Thomson Reuters opens Eikon with app studio
The financial industry is increasingly turning to open technology standards to spur innovation. With App Studio, Eikon aims to provide an open environment where the financial industry can build a new generation of apps that help foster innovation whilst also improving productivity.
The App Studio is an evolution of Eikon’s pre-existing open capabilities, allowing in-house developers and independent software vendors to blend Eikon’s news, market data and analytical tools with proprietary research and other third-party data. These apps can then be deployed directly within Eikon, either publicly or to specific individuals or groups.
These new capabilities will also help improve financial professionals’ productivity. According to Thomson Reuters, desktop users have typically been reliant on standalone systems to perform different tasks, creating a disjointed and error-prone user experience. The App Studio allows developers to fully integrate their apps with those already in the Eikon screen, improving workflow and streamlining processes, the firm says.
“Our customers’ success increasingly depends on their being able to use the data they want, in the format they require, on the devices they prefer,” said Philip Brittan, chief technology officer and global head of platform, Financial & Risk, Thomson Reuters. “Thomson Reuters is building an open platform where the ideas of the market can thrive. App Studio in Eikon is one of many ways we are drawing on open technologies to eliminate the barriers to efficient, collaborative workflows in the financial industry. It will help financial professionals generate fresh business ideas, respond rapidly to market changes and deliver new tools and services to their clients.”
“Financial institutions today are seeking a fresh approach to technology development and innovation and understand that openness is key to ensuring control and flexibility,” added Sang Lee, managing partner at analyst firm Aite. “By empowering and engaging a vibrant developer community, firms can create applications that intelligently use data to reduce cost of ownership, streamline workflows and create a community that allows users to leverage knowledge, best practices and resources. Enabling users to leverage existing infrastructure and resources from idea generation to application deployment can help firms drive effective collaboration and empower them to succeed in the increasingly competitive marketplace.”