Alfred Lee, Managing Director, Asia Pacific at Refinitiv

Alfred Lee, Managing Director, Asia Pacific, Refinitiv

London-headquartered Refinitiv on Thursday said it will make its financial data available for its clients across Asia through Amazon Web Services (AWS), in a bid to expand its global cloud capabilities.

Refinitiv’s ‘Elektron’ real-time data will be available in the AWS Asia Pacific (Singapore) Region. It will improve service quality to customers based in the region, it said in a statement.

“It’s clear to us that Asia-based firms are starting to aggressively accelerate their cloud plans as they realise 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, Managing Director, Asia Pacific at Refinitiv.

The company said it has observed that an increasing number of its Asia-based clients have been signing up to use its services, including firms like Currenxie – a Hong Kong-based global payments and commercial foreign exchange platform.

“We believe the cloud is transformational for how the financial community consumes data,” said Brennan Carley, Global Head of Enterprise for Refinitiv.

“Refinitiv’s real-time financial content is delivered on AWS, so customers have increased accessibility to data and flexibility in how it’s used,” Carley said.

Refinitiv provides financial markets data, insights and infrastructure to clients worldwide. It was recently acquired by London Stock Exchange in a $27 billion deal, ten months after a Blackstone-led consortium completed a leveraged buyout of Refinitiv from Thomson Reuters.

by Krishna V Kurup
Senior Market Analyst at IBS Intelligence
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