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Thomson Reuters Corporation (/ ˈ r ɔɪ t ər z / ⓘ ROY-tərz) is a Canadian multinational content-driven technology conglomerate. [4] The company was founded in Toronto, Ontario, Canada and maintains its headquarters at 19 Duncan Street there.
James C. Smith (born 1959) is an American business executive. [1] He started his career as a journalist and editor, [2] joined Thomson Newspapers in 1987 [3] and subsequently held management positions such as head of Thomson Newspapers in North America [4] and chief operating officer (COO) of the Thomson Corporation. [5]
Bloomberg and Thomson Reuters split the market with a share of 30% each in 2011. This was a major improvement for Bloomberg as the share in 2007 was Bloomberg's 26% to Reuters' 36%. Other major competitors include Money.Net , SIX Financial Information , Markit , FactSet Research Systems , Capital IQ , Fidessa and Dow Jones .
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World-Check [1] is a database of politically exposed persons (PEPs) and 'heightened risk' individuals and organizations. World Check formed part of the Thomson Reuters Risk Management Solutions suite before being transferred to Refinitiv after a merger deal with The Blackstone Group in October 2018.
Thomson Reuters launched Eikon in 2010 [2] as a replacement for Reuters 3000 Xtra, Reuters’ earlier platform. At the end of 2013, an Eikon subscription was reported to cost from $300 to $1,800 per month, the average setup being around $800 per month. [ 3 ]
Reuters Group was best known for the Reuters news agency, which was the original business of the company. By the time of its acquisition by Thomson, the bulk of Reuters Group's revenues came from the provision of financial market data, with news reporting comprising less than 10% of its revenue. [1]
On 15 May 2007, the Thomson Corporation reached an agreement with Reuters to combine the two companies, a deal valued at $17.2 billion. On 17 April 2008, the new company was created under the name of Thomson Reuters. The chief executive officer of Thomson Reuters is Jim Smith, and the chairman is David Thomson, formerly of the Thomson Corporation.