January 17, 2023
LSEG and Thomson Reuters announce joint commitments to enhance the value of financial and markets news service as part of long-term partnership
LSEG (London Stock Exchange Group) and Thomson Reuters have announced a multi-faceted expansion of their long-term partnership, sharing a number of joint commitments to enhance the value of financial and market news services to LSEG customers.
The new and enhanced commitments include:
- Investment in 100 editorial roles across Reuters global newsroom with focus on financial and markets coverage
- A significant expansion of Reuters India financial file and China equities coverage
- The previously announced acquisition and ongoing integration of PLX AI – a real-time financial news service powered by artificial intelligence – into Reuters newsroom, available exclusively through LSEG services
- Agreement on a path forward for Reuters to launch consumer-facing subscription products, supporting both parties’ engagement with global professionals
“At Thomson Reuters we are committed to investing in world leading journalism and talent, taking our partnership with LSEG to the next level will help us to continue to do just that.” said Steve Hasker, CEO, Thomson Reuters.” Our new range of commitments will boost both organizations, delivering an even more valuable news file to LSEG’s customers and a superior experience to professionals around the world.”
David Schwimmer, CEO LSEG said: “We are delighted to have expanded our long-standing strategic partnership with Thomson Reuters. This collaboration will broaden our news offering, enhancing the speed and analysis of breaking news, and increasing the value of services provided to LSEG customers.”
LSEG is the exclusive distributor of Reuters news to the financial community under a 30-year news agreement that commenced in 2018.
NOTES TO EDITORS
Further details on the commitments:
A significant co-investment in financial and markets coverage
Reuters and LSEG’s financial news file is being boosted by the creation of new editorial roles in Reuters global newsroom. The co-investment in financial journalism extends and deepens coverage in four key areas: financial markets; mergers and acquisition; the energy transition; and data visualization, bringing stories to life with data that illustrates the trends that matter most. These reporters will deliver fast, accurate stories and create value for professional clients of both LSEG and Reuters.
Further investment in coverage of growth markets India and China
Reuters is more than doubling the number of reporters covering India. The move marks a significant expansion of Reuters coverage of local forex, fixed income and equity markets, government policy, the regulatory landscape and public companies, providing the premier news service for LSEG customers in India.
Reuters has also expanded its China equities coverage of the biggest public companies for the rapidly expanding local investment and trading community. This includes providing complete pre-open to post-close coverage of company and market activity, of China’s top 350 listed companies.
The integration of financial news service PLX AI
Thomson Reuters recently acquired PLX AI, a real time financial news service powered by artificial intelligence, which is now integrated into Reuters News and will be expanded across additional markets. PLX AI had a significant partnership with LSEG and the content it generates will be available exclusively through LSEG products.
Consumer-facing subscription products
Thomson Reuters and LSEG have agreed on a path forward for Reuters to launch consumer-facing subscription products supporting both parties’ engagement with global professionals.
LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider and we play a vital social and economic role in the world’s financial system. With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are leaders in data and analytics, capital formation and trade execution, and clearing and risk management.
Reuters is the world’s leading provider of trusted news, insight and analysis, reaching billions of people worldwide every day. Founded in 1851, it brings together world-class journalism, industry expertise and cutting-edge technology with unparalleled speed, reliability and accuracy to enable people to make better decisions. Reuters is committed to the Trust Principles of independence, integrity and freedom from bias, and is the essential source of business, financial and world news delivered to financial markets professionals exclusively via LSEG products, to the world’s media organizations, and to professionals via industry events and Reuters.com.