About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Thomson Reuters Pushes DataScope Select into Front Office with DataScope Workflow License

Subscribe to our newsletter

Thomson Reuters is pushing DataScope Select, its delivery platform for non-streaming pricing and reference data, into the front office with the offer of data sets dedicated to the operation of transaction systems including order management systems (OMS), execution management systems (EMS) and portfolio management systems (PMS). Initial content is available immediately for OMS solutions under a DataScope Workflow License that combines technical indicators, pricing and reference data, and aims to streamline workflow processes.

This is Thomson Reuters’ first foray into the front office with non-streaming data tailored to specific systems and will pitch it into head-to-head competition with Bloomberg and other market data vendors offering similar services.

Kate Toumazi, global head of front office, Enterprise Content at Thomson Reuters, says DataScope Workflow License is a response to clients asking for additional pricing and reference data to power front-office systems such as OMS solutions. She notes that customers taking content from other non-real time data feed providers are experiencing price rises and are looking for an alternative provider, which is where Thomson Reuters comes in.

Toumazi says: “We recognise the challenges faced by the trading and investment communities. We understand that people are seeking cost-effective pricing, reference as well as technical indicator data to power specific front and middle-office workflows and our new license is positioned to meet these needs.”

The content set for OMS solutions has been available as part of DataScope Select for the past couple of weeks. It includes technical indicators that capture data relevant to forecasting prices in securities markets and initially covers equities, futures and options. A second phase of delivery will extend coverage to include a range of fixed income assets. The company is also working on data sets for EMS and PMS solutions, which are expected to be ready by mid-year, and will then build out asset class coverage. Each data set is represented in DataScope Select in a new template with fields set up to allow users to select the data they require to support the operation of specific systems.

Toumazi says the service is “competitively priced” with new content being priced depending on volume and within the existing DataScope Select commercial structure. Additional data sets can be integrated easily into client workflow, with support from Thomson Reuters’ specialists where necessary, and clients using DataScope Select in back offices are expected to be able to direct the service to the front office with relative ease.

“We are moving from being a general data provider to focus on use cases that address clients’ particular challenges,” says Toumazi. “We are targeting DataScope Workflow License at both the buy side and sell side, and have received interest from global banks as well as much smaller accounts. Any firm with a data feed into front-office apps is in our range and we will then service all workflows, not just the back and middle office.”

To ensure Thomson Reuters’ front-office content reaches the widest possible audience, the company will also offer the data through established redistribution and market partners, and is inviting more to join its pricing and reference data community so that all relevant front-office systems, whether deployed, hosted or sold as complete solutions, will have access to content under the DataScope Workflow License.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to simplify and modernize data architecture to unleash data value and innovation

15 May 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines....

BLOG

GLEIF Begins a New Decade in Growth Mode

The Global Legal Identifier Foundation (GLEIF) enters its second decade this month with its novel system of identifiers for everything from companies and their financial instruments to real assets fast becoming a global standard. While the next five years are expected to see yet more entities join the GLEIF’s open data project, the organisation’s immediate...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...