Securities and investments firms face significant data management challenges in responding to increasingly dynamic industry drivers. Customer needs and expectations are evolving and international competitive pressures encourage firms to seek advantage from their intellectual property. Firms are required to respond to ever more stringent regulation and risk management controls. Meanwhile, the scale and fragmentation of IT operations continues to increase dramatically. This is driving demand for greater data transparency and flexibility across complex, global operations.
Introducing the Thomson Reuters Data Management Platform
The Thomson Reuters Data Management Platform is a flexible and extensible data management environment that delivers enterprise data services for improved business automation. The platform unifies the acquisition, storage and distribution of enterprise information assets for the securities and investment industry including reference and pricing data.
The Thomson Reuters Data Management Platform streamlines data operations by consolidating data from a wide variety of the industry’s most trusted vendor sources as well as data acquired from in-house applications and databases. The platform also provides comprehensive data orchestration capabilities to ensure consistent and timely integration of high quality data services into the business.
The Thomson Reuters Data Management Platform comprises three platform components:
- Thomson Reuters Market Data System
Thomson Reuters Data Management Platform extends the proven capabilities of the industry leading system for high throughput real-time market data distribution. Thomson Reuters Market Data System also supports Open Message Model (OMM) that allows representation and transmission of complex data structures with rich request paradigms. - Thomson Reuters Reference Data System
Thomson Reuters Reference Data System integrates consolidated and silo’ed referential data into a master reference with an extensible data model that conforms to market data standards. It integrates consolidated referential data from a wide array of the industry’s most trusted vendors and provides a centralized hub for rule-based data acquisition, cleansing, validation, enrichment, scrubbing and normalization. - Thomson Reuters Enterprise Integration Engine
Thomson Reuters Enterprise Integration Engine ensures seamless integration of Thomson Reuters Market Data System and Thomson Reuters Reference Data System platform components, and manages deployment of data services. It supports powerful methods for the definition and management of complex data orchestration and business processes.
This component based approach ensures interoperability with existing systems architecture and recognizes unique technical requirements in support of real-time and non-real time data. Thomson Reuters Data Management Platform exposes the core data management services - for example symbology, cross referencing, transformation, reconciliation, exception handling, security, encryption, entitlements and metrics - via an integrated platform API and standard holistic data model.
- Holistic data integration – The components of Thomson Reuters Data Management Platform deliver a holistic data management solution that cuts across the traditional organisational and demographic boundries.
- Future proofed – The platform is designed to meet the current and future needs of your business. The platform scales to provide an enterprise wide mission critical delivery solution.
- Proven expertise – Thomson Reuters extensive resources and proven expertise will help ensure that your project is delivered on time and on budget with a dedicated team that remains engaged throughout analysis, design, deployment and support phases.
- Trusted partner – With Thomson Reuters independence and global presence you can be confident that you are working with a respected thought leader. Thomson Reuters puts professional products and people at the fingertips of financial institutions around the world.
