Thomson Reuters is opening up its Eikon desktop with the launch of an app development suite that lets third parties create and house their own offerings.
With the financial services industry increasingly turning to open tech standards, Thomson Reuters is betting that by inviting developers in it can help foster innovation and boost productivity for its Eikon users.
Apps developed by third parties will display as native applications on the Eikon screen, distributed directly and securely to users. Thomson Reuters says that this means desktop users will no longer have to rely on standalone systems to perform different tasks, which creates a disjointed and error-prone user experience.
The new studio is an extension of Eikon’s pre-existing open capabilities, allowing in-house developers and independent software vendors to blend the desktop's news, market data and analytical tools with proprietary research and other third-party data.
Philip Brittan, CTO and global head of platform, Financial & Risk, Thomson Reuters, says: "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."