Reuters opens its trading platform to third party developers
Thomson Reuters has revealed its App Studio for its Eikon trading platform which will allow third party developers to create and market apps to users of its Eikon trading and analytics platform. The move to break away from proprietary solutions and embrace the current trend of collaborative workflows  sets it apart from Bloomberg.

In an interesting move, Thomson Reuters has announced the launch of App Studio for its Eikon Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term 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.

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 Institutional Trading Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Read this Term 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”