LSEG and Thomson Reuters have extended their long-term partnership on news and information with a number of shared commitments designed to enhance the value of financial and market news services offered to LSEG customers. The companies’ partnership started in 2018 and makes LSEG the exclusive distributor of Reuters news to the financial community under a 30-year agreement.The new commitments include ongoing integration of PLX AI, an acquired real-time financial news service powered by artificial intelligence, into Reuters newsroom and available exclusively through LSEG services; investment in 100 editorial roles across Reuters global newsroom with a focus on financial markets, mergers and acquisition, the energy transition, and data visualisation; a significant expansion of Reuters India to provide a premier news service for LSEG customers in India; and expanded equities coverage in China.
“This collaboration will broaden our news offering, enhance the speed and analysis of breaking news, and increase the value of services provided to LSEG customers,” says David Schwimmer, CEO at LSEG.
From Reuters’ perspective, the extended partnership provides a path for the global provider of news, insight and analysis to introduce consumer-facing subscription products.
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