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Thomson Reuters launches MiFID II-ready data analytics platform

First Published 23rd February 2017

Thomson Reuters to launch multi-asset best execution and SI determination capabilities in 2018.

Brennan Carley, Thomson Reuters

Brennan Carley, Thomson Reuters

London - Thomson Reuters has made enhancements to its data analytics platform, Thomson Reuters Velocity Analytics, to provide high-speed processing of real-time, streaming and historical data that will help EU and non-EU financial markets participants meet their MiFID II obligations.

The enhanced platform, now powered by Kx's technology, enables a broad range of use cases such as best execution compliance, transaction cost analysis, quantitative and systematic trading. It will also support new multi-asset best execution and SI (Systematic Internaliser) determination capabilities from Thomson Reuters in 2018.

By deploying Kx technology Thomson Reuters Velocity Analytics can now process larger volumes of data from multiple sources in real-time. Thomson Reuters has also expanded the historical and reference data available for processing through full integration with its Datascope Select service as well as with Thomson Reuters Pricing Services for independent evaluated prices. In addition, Velocity Analytics is integrated into Thomson Reuters Enterprise Platform enabling financial institutions to use their existing infrastructure investments to access streaming analytics.

"MiFID II compliance is fundamentally a data challenge and the work we have been doing to completely reengineer Velocity Analytics will support financial markets participants looking for best execution, transaction costs analysis, and other high performance trading analytics," said Brennan Carley, head of enterprise propositions at Thomson Reuters.