Thomson Reuters will release blockchain tool for market data

posted 2 months ago
Thomson Reuters Corp plans to release a tool on Wednesday that will allow customers to plug its market data into systems that run on the digital ledger technology known as blockchain.

The new tool, called BlockOne IQ, will allow Wall Street firms to use Thomson Reuters data on trading systems that run on Ethereum and Corda, two types of blockchain, the company said.

Thomson Reuters, which sells data, news and other information, owns Reuters News. Like competitors including Bloomberg LP and IHS Markit Ltd that provide market data and software to Wall Street, it has been ramping up investments in new technologies like blockchain as customers have started to embrace them.

The idea behind BlockOne IQ is to speed up deployment of blockchain in financial markets, Sam Chadwick, Thomson Reuters’ director of strategy in innovation and blockchain, said in an interview.
Tags: blockchain, news