Thomson Reuters announced the roll out of a number of new features targeting the buyside, such as charting and modeling apps, on its financial markets desktop, Eikon.
The new features include Datastream charting and explorer apps, new StarMine models, enhanced analytics and publishing tools. All of the new features, Thomson Reuters said in a release, improve workflow efficiency and provide asset managers with more insight to help them trade better.
Portfolio managers on the buyside are looking for tools that help streamline their workflow, said Bill Fearnley Jr., senior analyst at Celent, in a release. Tools such as Eikon that help integrate portfolio analytics, information from sources like Datastream, and StarMine models into tools like Microsoft Office can help firms discover, test and share actionable ideas more quickly and easily. And speed is important in helping gain a competitive edge.
The new Datastream charting app in Eikon allows economists and strategists to leverage the apps cross-asset time-series database and analytics and publishing tools to access prebuilt studies, generate new compelling charts from the chart studio or access their existing library of charts. A new separate macro explorer app provides financial professionals with an intuitive view of global economies, allowing them to screen across hundreds of content sets sourced from Datastream and apply powerful visualization techniques including maps, bubble charts, motion tables and filters to investigate content and gain new insight.
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The new Microsoft Office add-in feature for Eikon enables portfolio managers and analysts to leverage Thomson Reuters content in applications such as Excel and PowerPoint to produce models and presentations. This feature includes Excel tools to facilitate analysis of premium content sets including Datastream, fundamentals, StarMine analytics, smart estimates and key performance indicators. The addition of StarMine models to Eikon, Thomson said, leverages new visualization technology to provide buyside customers with greater insight to uncover actionable opportunities and better understand credit risk.
Eikons upgraded portfolio analytics suite now provides buysiders with monitoring of intra-day performance across any number of portfolios and benchmarks, allowing them to identify primary drivers of performance at the sector/security level.
Briefcase, another Eikon enhancement, allows users to collect, manage and access key content and documents via their mobile solution and synchronize this with the desktop, allowing them to work remotely from anywhere at any time.
Instead of a fixed home screen, Eikon now is part of a floating command bar at the top of a customers screen, staying visible whatever application the customer is currently using and enabling quick access to Eikons data and tools. The floating command bar works seamlessly with the Eikon plug-in for Google Chrome which installs into the toolbar of Google Chromes browser interface and on-demand allows Eikon to analyse information that is being viewed on the internet and provide key related data for any entities listed on the page.