The Thomson Reuters 2016 Annual Report was released last week and, alongside the financial technology giant’s standard financial and strategy reporting, was a multimedia feature of their ongoing partnership with Axoni.
In October of last year, Axoni and Thomson Reuters parnered with seven other firms, including financial institutions and technology vendors, to implement a blockchain solution to synchronize post-trade life cycle management of equity swaps. The project proved not only the capabilities of the underlying technology to reduce costs, but also gave insight into how commercial models of financial data providers can evolve to work seamlessly in distributed ledger networks.
Following the successful completion of the equity swaps project, Thomson Reuters joined NEX Group, Wells Fargo, J.P. Morgan, Goldman Sachs and others as equity investors in Axoni’s most recent round of financing.
You can view the full report and video featuring the Thomson Reuters / Axoni partnership here.