In an interesting move, Thomson Reuters has announced the launch of App Studio for its Eikon trading platform solution. The addition of App Studio will allow 3rd party developers to create and market apps to Eikon users.
A rival to Bloomberg and its Terminal system, firms such as Thomson Reuters and Bloomberg have been focused on creating proprietary solutions to boost their offerings in the competitive platform sector. As such, with App Studio, Thomson Reuters is counting on its customers finding value with the ability to integrate externally developed apps within its Eikon platform.
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The launch of App Studio also comes as a new rival, messaging firm Symphony, has recently launched with plans of an app marketplace being a key part solution of its system. In addition, several other firms have been introducing app marketplaces to their institutional trading sector. Among them, tech developer OpenFin has created a solution that allows banks using its technology in its dealing platforms to add an app marketplace of both external and internally developed solutions.
Commenting on the App Studio launch, Philip Brittan, CTO and Global Head of platform, Financial & Risk at Thomson Reuters, stated: “Thomson Reuters is building an open platform where the ideas of the market can thrive. App Studio in Eikon is one of many ways we are drawing on open technologies to eliminate the barriers to efficient, collaborative workflows in the financial industry. It will help financial professionals generate fresh business ideas, respond rapidly to market changes and deliver new tools and services to their clients”