Thomson Reuters to Offer ‘Cloud’ Data Network Service for Banks

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By Matthew Campbell, Business Week

Thomson Reuters Corp. said it will offer a new data distribution network based on online cloud computing which allows financial organizations to store programs in hosted data centers.

The “Elektron” data network will allow banks and brokerages to house data-processing functions on central servers, rather than in their own systems, New York-based Thomson Reuters said in a statement. Existing applications can be moved onto the system, the company said.”

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