18 Asia Pacific cbanks to use Reuters platform
Dubai, April 15, 2013
Thomson Reuters has announced that 18 central banks and government organisations in Asia Pacific have rolled out the flagship Thomson Reuters Eikon platform for real-time financial data, analytics, news and commentary.
The central banks and government authorities that have signed up to use Thomson Reuters Eikon in recent months include the Hong Kong Monetary Authority, Reserve Bank of New Zealand, Reserve Bank of India, Nepal Rastra Bank, Central Bank of the Republic of China (Taiwan), State Bank of Vietnam, Bank of the Lao PDR and Royal Monetary Authority of Bhutan.
Financial professionals in 27 countries across the Asia Pacific region are using the platform now, a statement from the company said. It has received particularly positive feedback from customers for its new advanced search functionality which can interpret natural language queries to present a full answer in graphical format using data from multiple sources and advanced visualisation techniques.
The use of semantic search in financial markets removes the need for financial professionals to remember complicated financial codes as well as saving time usually taken to manually find and compare data points.
“We are getting great feedback from our customers regarding ease-of-use and depth of content in Eikon,” said David Becker, managing director, Asia Pacific, Thomson Reuters. “Our customers in the Asia Pacific region are among the most active Eikon users globally. This demonstrates how important and useful Eikon has become in this part of the world in providing rich, relevant news, in-depth information, sophisticated analytics and access to the global financial community.”
“With the new advanced search tools we are seeing query times reduced from hours to seconds and this really is a paradigm shift for financial markets professionals, enabling them to spot opportunities faster than their competition.”
Eikon is designed to provide a powerful and intuitive next-generation solution for consuming real-time and historical data, connecting with the financial markets community and executing financial markets transactions across asset classes such as foreign exchange (FX), fixed income, commodities, equities and derivatives.
It realises Thomson Reuters’ vision for a financial markets desktop that is intelligent, simple and social. Driven by powerful search engine technology, Eikon carries real-time data, news, charts, insightful commentary, analytics and trade execution tools through views that can be customised to individual user preferences and workflow. Based on open standards, it is powered by Thomson Reuters Elektron, the company’s low latency data and trading infrastructure.
This news follows the announcement in early March that the European Central Bank and 18 participating national central banks had signed a three-year deal with Thomson Reuters in Europe.
The participating banks are Nationale Bank Van Belgie, Deutsche Bundesbank, Central Bank of Ireland, Bank of Greece, Banco de España, Banque de France, Banca d’Italia, Central Bank of Cyprus, Banque centrale du Luxembourg, Magyar Nemzeti Bank, Central Bank of Malta, De Nederlandsche Bank, Oesterreichische Nationalbank, Banco de Portugal, Banka Slovenije, Narodna Banka Slovenska, National Bank of Romania and Suomen Pankki-Finlands Bank. – TradeArabia News Service