August 23, 2016
Thomson Reuters Launches First Asia Apps On Eikon via App Studio
HONG KONG – Thomson Reuters has launched its first two Asia apps on Eikon via App Studio in partnership with FinTech startups Amareos and Oddup. This marks the first time that any Asia-based third-party developer has created an app within Eikon and distributed it directly to Eikon users globally. Based in Hong Kong, Amareos builds tools to analyse millions of news stories and social media posts so that investors can see the psychological state of global markets. Oddup is a data driven research platform that provides analysis and ratings on startups, enabling investors to make more informed investment decisions.
As the financial industry increasingly turns to open technology standards to drive innovation in a complex business landscape, App Studio on Eikon provides an open platform where professionals can access specialized apps and streamline workflow needs to improve productivity. App Studio allows third parties to blend Thomson Reuters leading news, market data and analytical tools with proprietary research and other third-party data to create apps for their own use or for release to the wider industry – all within Eikon itself.
“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,” said James Mirfin, Managing Director, North Asia at Thomson Reuters.
At a time when the financial industry is trying to make sense of Big Data, Amareos’ app offers investors new ways to look at information by offering news and sentiment analytics presented in easy-to-interpret metrics and charts, powered by Thomson Reuters MarketPsych Indices. Its system parses more than 2 million articles a day from news sources, blogs, forums and social media platforms, and creates sentiment indicators for more than 9,000 underlying instruments in various asset classes. Emotional indicators such as joy, fear, and anger are used as metrics to assess the psychological state of global markets.
“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.
Oddup is uniquely positioned as the go-to rating system that rates startups with the Oddup Score which is based on the company’s product, team, competitors and growth potential. It is the only app that offers views and fills the gap for rating private companies. The Oddup app links to Thomson Reuters financial data in compiling a comparison between a startup and a public-listed company. The app serves as a guide for investors and researchers to learn more about the rapidly expanding startup scene in Asia, thus allowing for more informed investment decisions.
“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.
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.
Amareos was created on the observation that today there is too much information available to process and analyze manually everything that is said on a topic. Because technology has reached a point where it is now possible to scour information on the web constantly, Amareos harnesses the power to convert the volume and variety of millions of news and social media streams into manageable information flows that drive sharper decisions. Amareos is a proud winner of one of the eight available Acceleration spots on the 2016 SuperCharger.
Oddup is a Hong Kong-based comprehensive, data-driven research platform that focuses on startups. Known as The Startup Rating System, it provides trends, current and expected future valuations of startups. The company's vision is to bring insight and transparency across the startup landscape to enable smart startup investing. Oddup rates startups with a rating score from 1-100. It is based on the combination of analyst view points and the computed algorithm, the Oddup Score. The startup rating scores are then offered as views: Buy, Hold, Sell with expectation metrics and future valuations.
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