Thomson Reuters continues to build out its strategy of making products as flexible and easy to use as possible with the introduction of Thomson Reuters DataScope Equities Plus, a bulk data feed solution that moves on from intra-day reference data delivery to provide updated data every 15 minutes. Pricing data continues to be supplied on an end-of day basis, but with corrections and late market changes delivered via DataScope Equities Plus as they become available.
Stuart Martin, global head of asset servicing, Thomson Reuters, explains: “We can now provide interested DataScope Equities customers with time sensitive, flexible and individualised bulk information to help maximise their trade and post-trade capabilities. With this release, we emphasise our global strategic commitment to offer market leading solutions that meet both industry demands and regulatory standards.”
Martin views DataScope Equities Plus as an enhancement for existing customers of DataScope Equities and an option for prospects such as large banks, fund administrators and custodians that are looking for bulk reference data capabilities, but says no products will be decommissioned as a result of the new service. Instead, he expects some customers to select certain attributes of DataScope Equities Plus as supplements to existing services.
DataScope Equities Plus has been available since late summer and will be updated with additional content in the first quarter of next year. It is being implemented by two customers, one in the UK and one in Asia, and is also being integrated with Thomson Reuters enterprise data management partners’ systems to ensure they can consume and distribute the data.
The service has been developed within Thomson Reuter’s DataScope Select non-real time strategic infrastructure and, as such, is part of the company’s long-term plan to pull together the pricing and reference services, financial crime and enterprise risk management solutions within its finance and risk business. Martin explains: “We are pulling together our capabilities across vertical sectors and looking to channel as much data as possible through DataScope Select. By consolidating and centralising data we will be able to provide the same level of distribution capability across the data and customers will be able to extract the data they need and improve productivity in workflows.”