Thomson Reuters moves trading to the web


Thomson Reuters moves trading to the web

Karl Flinders

Thomson Reuters is overhauling its technology platforms by switching trading applications form traditional terminals to the web.

According to the Financial Times there will be two platforms. One aimed at investment firms and one aimed at individuals.

Thomson Reuters provides information services to the trading industry to help them make decisions about where to invest.

The transformation sets it apart from its main competitor Bloomberg, which uses terminals.

Devin Wenig, CEO at Thomson Reuters, told the FT the plan was also to appeal to a generation au fait with web searches, the "23-year-old at Goldman Sachs who grew up with Google".

PJ Di Giammarino, CEO, at capital markets think-tank JWG-IT, said this is a welcome movement in the information services space.

"There are a lot of business models that have to be reviewed by all the firms that rely on information services to do their business," he said.

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