Thomson Reuters is the latest big-name venue to reinforce its commitment to big data investment and innovation, teaming up with the UK’s Imperial College London to aggregate data science expertise from across the corporate and academic worlds.
Big data is one of the largest areas of emphasis across the financial realm, having been deployed or utilized by some of the world’s leading institutional trading venues. Machine learning, big data, and a variety of other innovative technologies lie at the forefront of the financial world moving forward.
As such, with funding being poured into ventures at a historic rate, the new joint venture between Thomson Reuters and Imperial College London will look to fuel innovation across both the fintech and regtech industries via a series of collaborative research projects. Moreover, both groups will look to emphasize and focus on global big data challenges impacting financial and legal professionals, drawing upon two diverse backgrounds.
NewsBTC to Make Splash at London Summit 2018Go to article >>
The nature of the partnership will see a duality of research groups from the Data Science Institute at Imperial College as well as Thomson Reuters’ financial market data streams and legal background expertise. Additional concessions will be made by the group’s data management and machine-learning expertise, which will look to complement Imperial’s data visualization studio and academic pool of talent.
One of the overarching goals of the partnership between the two groups will be to create a global ecosystem that consolidates academics, financial markets institutions, and technology firms – such a collaboration would go a long way in helping to address myriad fintech issues incurred presently, including, but not limited to, supply chain risk, financial risk management, real-time data analysis, and regtech issues such as the impact of regulation.
The latest partnership between Thomson Reuters and Imperial also comes on the heels of recent openings of additional research facilities in London, Zurich, Boston, USA and Waterloo, Canada by the company.
Earlier today, Thomson Reuters made headlines after added a new futures and options utility that caters directly to commodities and energy traders. The new application also helps users execute futures and options orders via Thomson Reuters Eikon, helping mitigate market data fees across multiple platforms.