Thomson Reuters (NYSE:TRI) has added the first Asian apps to a growing list of third party apps available on its Eikon financial data platform’s App Studio, which further demonstrates a trend in the financial industry towards collaborative systems as the drivers of future success.
In partnership with Hong Kong fintech startups Amareos and Oddup, the new Asia-focused apps will be distributed directly to Eikon users globally.
With Eikon’s App Studio, third party developers can create best-of-breed applications just for their users, or make them available to the wider industry, while provides an open platform for professionals to access specialized apps and streamline workflow needs.
Commenting on the launch, James Mirfin, Managing Director, North Asia at Thomson Reuters said: “At the core of Thomson Reuters is openness at every level of the financial ecosystem. The new apps mark our first significant step towards engaging third-party Fintech developers in Asia to drive innovation and to create unique differentiated contents for Eikon users. By combining our company’s technology and data with Amareos’ and Oddup’s apps and expertise, our clients will benefit from more choices and knowledge to aid them in making more informed decisions.”
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Launched in March 2015, Amareos is a Hong Kong-based fintech start-up which has developed a tool to visualise market sentiment by analysing millions of news articles and social media posts in a matter of seconds so that investors can see the psychological state of global markets. Amareos currently tracks more than 9,000 underlying instruments in various asset classes. In addition, the company is one of eight start-ups taking part in the SuperCharger FinTech Accelerator Programme supported by Standard Chartered, Baidu and Tuspark.
“We are delighted to announce the official launch of the Amareos App on the Eikon App Studio. This is a key milestone for Amareos making our product available to 150,000 users globally as we position ourselves as the definitive, industry-standard Sentiment Analytics and Visualization provider for measuring the global markets emotions for countries, commodities, currencies and companies. This milestone consolidates our already strong and global partnership with Thomson Reuters,” said Philippe El-Asmar, co-founder and CEO of Amareos.
The first of its kind in Asia
Concerning the second app on Eikon App Studio, Oddup, it provides ratings on startups thus enabling relevant users to stay on top of this growing world and helps investors make more informed decisions. The app links to Thomson Reuters financial data in compiling a comparison between a start-up and a public listed company.
The app uses many factors to come up with an overall rating for a startup including products, growth, location, team, market, industry, and competitors. Using its own patent-pending scoring methodology, a score of 1-100 is awarded ultimately, with a higher score suggesting a healthier, less risky startup.
Founded in 2014 by James Giancotti and Jackie Lam, Oddup is headquartered in Hong Kong, but also has a global network of analysts in each country it covers. The company has plans to open a London office next year.
“We are proud to partner with Thomson Reuters. Our core intention is to equip the Thomson Reuters Eikon community with insights on startups. Making an informed decision is critical when it comes to startup investing. By integrating with Thomson Reuters data on publicly listed companies, Eikon now has reliable data and detailed analysis on startups”, said James Giancotti, CEO of Oddup.