Thomson Reuters welcomes the decision by the European Commission to move forward with formal market testing of its proposal to extend usage rights of its Reuters Instrument Codes (RICs).
Thomson Reuters believes that the extended usage rights will provide its customers useful support in managing their real-time market data needs in what is an increasingly competitive market.
Thomson Reuters proposal has been made in the interests of achieving a rapid resolution, so it can concentrate its efforts on continuing to develop solutions that will benefit the financial marketplace. The Company’s customers are at the heart of its business and Thomson Reuters continues to work with them in exploring how to best add value to these capabilities.
Thomson Reuters does not believe that it has infringed EU competition law, nor has the European Commission made any finding of infringement against the firm.