Thomson Reuters Corp And EU Settle Data Antitrust Row-DJ
Dow Jones reported that Thomson Reuters Corp has settled long-running concerns that it is abusing its dominant market position in the real-time market data sector with the European Union. The European Commission said Thomson Reuters had agreed to allow customers to use Reuters Instruments Codes for data sourced from its competitors for a monthly fee--the codes identify securities used by financial institutions to retrieve data from its real-time data feeds. The probe was opened in late 2009 by EU regulators to ensure that traders and other users can get access to financial data at reasonable prices and have the possibility to switch to competing services. The news and business data provider has repeatedly revised its commitments to address concerns. The commission had concerns because Thomson Reuters was prohibiting customers to use RICs for retrieving data from alternative data providers.
Latest Developments for Thomson Reuters Corp
- Share this
- Digg this