Thomson Reuters Announces Three New Deals around DataScope Select
New York, 18 April 2012 - Thomson Reuters today announced three strategic alliances that span the full investment process and enhance the pricing and reference data available to fund managers, fund administrators and asset managers. Clients of FundCount, Quantifi and SAGE SA will now have access to expanded data coverage through Thomson Reuters DataScope Select, the largest strategic data delivery platform for non-streaming, cross-asset, global content. These are the latest organizations to join the growing list of financial institutions and service providers that rely upon Thomson Reuters to provide them with the most accurate information available to support the growing need for global pricing and reference data.
An increasingly competitive marketplace and continued market volatility have stressed the critical need to be able to accurately price instruments, evaluate portfolios, and estimate collateral for both buy-side and sell-side firms. Financial institutions are now facing greater pressure, both from investors and regulators to maintain a more accurate and timely understanding of risk and exposure across their business while moving from an end-of-day focus towards an intra-day operating model. Despite these pressures, there also remains a vigilant focus on cutting costs while improving efficiencies in the sourcing and management of content. In addition, financial institutions need to increase their accounting and reporting efficiency as well as enhance risk management capabilities to protect themselves against increasing regulatory pressures.
Gerry Buggy, Managing Director, Enterprise Content at Thomson Reuters, said: “We are happy to have Fund Count, Quantifi and SAGE SA join our growing list clients on Thomson Reuters DataScope Select. All of these deals are testament to our continued efforts to provide customers with the greatest choice of premium, high quality data content in the industry today, delivered seamlessly through one solution that provides them with the necessary tools to ensure effective decision making, accounting and reporting to their clients, investors and regulatory bodies.”
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to thomsonreuters.com.