AFTAs 2017: Best Partnership or Alliance—Thomson Reuters and Symphony Communications
An increase in regulatory scrutiny and legislative action, following benchmark manipulation scandals, has led capital-markets firms to actively monitor, control and archive messages sent by their employees via instant messaging. Yvette Jackson, global head of platform and partners at Thomson Reuters, says regulators have become increasingly aware of the importance of instant messaging systems in the trading lifecycle and these insights have informed many of the new regulations introduced to retain and protect the integrity of financial markets.
“Consequently, the roles of compliance officers in financial services [firms] have changed almost beyond recognition. What had long been a rulebook-based, clearly-defined role, has become all-encompassing, with compliance officers now charged with managing a myriad of issues, including culture and conduct risk, regulatory technology, market and chat surveillance capabilities, and a deluge of regulatory changes, all with an overlay of increased personal liability,” she says.
Lawrence Miller, chief security officer at Symphony, adds that the partnership directly addresses the need for a tool that meets these enterprise compliance and record-retention requirements.
This integration, Miller says, allows firms to use Eikon and Symphony in concert, bringing together Eikon’s information and analytics capabilities with organization-wide deployments of Symphony’s communication platform. “This means staff have access to all of the information they need while collaborating in a secure, compliant fashion,” he says.
Users of both Eikon and Symphony will be able to share Eikon content through the Symphony platform. If the recipient also has Eikon, they will also be able to share live data, news and charts to support dynamic, real-time collaboration.
Given that the integration is achieved using application programming interfaces (APIs) on both sides, Thomson Reuters’ Jackson says the delivery of API capabilities was paramount to the success of the alliance. The Eikon side-by-side API, launched in April 2017, can connect any financial application on the desktop to Eikon, allowing users to move seamlessly between different tasks in their workflow.
Eikon users can already share Eikon content with counterparts via the Eikon Messenger platform, with 300,000 individuals in 30,000 firms across 180 countries. The Thomson Reuters- Symphony tie-up essentially gives customers the choice to extend collaboration capabilities to the Symphony community.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Technology innovator of the year (vendor)—Christy Bremner, SS&C Technologies
Christy Bremner, senior vice president, Institutional & Investment Management (I&IM) division at SS&C Technologies, wins technology innovator of the year (vendor) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Nasdaq reshuffles tech divisions post-Adenza