The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Reuters Targets Europe With New Evaluations Service

Reuters is targeting the evaluations pricing market in Europe, with the addition of European-issued debt securities evaluations to its DataScope reference data service. The service will be bring the vendor into a space currently dominated by FT Interactive Data, and increasingly focused on by Standard & Poor’s.

As reported by Reference Data Review at the start of the year, expanding its European data services is a strategic aim of the vendor’s, which has a stronghold in the real-time pricing business from which it hopes to extend into intraday pricing. Evaluated pricing – synthetic prices used to value more illiquid securities – is a key tenet of this strategy, according to group head Kevin Bradshaw at the time.

The launch is the first phase of the evaluations pricing services Reuters is planning to introduce. It covers investment grade securities including liquid and illiquid government, corporate, agencies, supranational debt from 17 European countries. The coverage extends across a range of bond types, structures and maturitites.

The data will be made available via Datascope’s end-of-day and premium delivery services. The initial target audience is the mutual fund accounting and administration market, where Reuters believes the biggest demand will be.

Says Kelly Lavelle, global head of marketing for the Enterprise Information division at Reuters, “It is our buy-side, and specifically our fund accounting customers, that have been the driving force behind the launch of our European evaluations (service). They have a need to source daily fixed income evaluations in order to perform their net asset value calculations for internationally invested funds.”

Supporting this effort is a growing team of analysts hired by Reuters for the purpose of building up its European evaluations coverage. Reuters bought its way into the evaluations business with the acquisition of EJV as part of the Bridge Information Systems purchase in 2001. EJV, originally founded in 1990 by primary dealers in U.S. Treasury securities, provided a database of fixed income security master data and evaluations, primarily focused on the U.S. market. EJV’s services are now branded as Datascope Onsite.

Related content

WEBINAR

Recorded Webinar: A harmonised approach to data management for regulatory reporting and record keeping

Don’t miss this opportunity to view the recording of this recently held webinar. Financial institutions acknowledge the need to harmonise their approach to data management for regulatory reporting and record keeping, and recognise the resulting benefits of increased efficiency, reduced costs and readiness for future regulation – but while the concept may be clear, the...

BLOG

Blackmore Capital’s Collaboration with OTCfin Completes Integration of ESG Factors into Investment Process

Blackmore Capital, a Melbourne-based asset manager set up in 2018, and New York-based OTCfin have completed the integration of ESG factors with financial data for all Blackmore portfolios. By incorporating ESG factors into Blackmore’s investment process, OTCfin’s risk and regulatory reporting solution will help the asset manager’s team improve portfolio monitoring from both a financial...

EVENT

Data Management Summit New York

Now in its 12th year, the Data Management Summit (DMS) in NYC brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

FATCA – The Time to Act is Now

The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year. But with the exception of a few modifications, the legislation remains in place and starts to comes into force in earnest...