Thomson Reuters launches Eikon

MUMBAI, INDIA: Thomson Reuters, the global source of intelligent information for businesses and professionals, on Thursday introduced Eikon — the latest financial and information platform in Mumbai.

Eikon (spoken as 'icon') is part of the company’s $1 billion innovation agenda. The platform provides new tools for comprehensive market information and financial data, news, analytics and trading facility for commodities, equities, fixed income, foreign exchange and money markets, investment and wealth management on to desktops as well as smartphones such as Blackberry and iPhone.

“The idea of Eikon was started back in 2008 and it took long time in developing and execution the platform. And it happened at the time when the world was in financial crisis. However, we continued to invest and develop the platform,” said Tarun Anand, Thomson Reuters’ managing director and senior company officer, South Asia.

Eikon has simple interface, intuitive and collaborative features like any website. It has search capabilities of Google, collaborative nature of social media such as Facebook and Linkedin and Windows like standard platform, which provides a very interactive and rich multimedia content experience to users.

The platform has been integrated with trading tools, online chat messaging, online video content with transcript for keyword search and provides financial data and coverage of emerging markets.

In developing Eikon, over 5000 company employees based in India have contributed to a great extent by providing the key technological support, data mining, research and development of content and other techniques used for spotting, mining and analysis business data.

The platform will be available to financial professionals on a monthly subscription of USD 1800. The company will migrate all its existing customers to the new platform from the old platform. Globally, the company has nearly half a million customers including in India.

Customers in India will get a 24x7 support via multiple channels and will gain benefit from its Knowledge Network — an innovative multimedia learning methods — to enhance the user experience of Eikon.

Thomas Reuters posted USD 13 billion revenue in 2009 and has 28 percent of total staff is based in Asia.