Refinitiv Turns to Amazon Web Services to Deliver Data to Asia-Pacific Clients

The Trade News reports that Refinitiv is now delivering its financial data via the Amazon Web Services (AWS) cloud platform to clients in the Asia-Pacific region. Real-time data from Refinitiv’s Elektron platform will be made available to users in a move to simplify access to real-time price information and reducing the need for investment in on-premise infrastructures, while also accelerating time to market. The growth of cloud-based technologies has meant financial institutions are adapting to new data delivery models, which can provide access to historic and real-time data for analytics, risk modeling and business intelligence derived from machine learning. A recent survey from Refinitiv found that its Asia-based clients intend to “rapidly increase their investment in a public cloud to maximize the benefits of managing the financial data that powers their business decisions.” 86% of those surveyed in Asia indicated they planned to use the public cloud for the majority of their market data needs in under four years.