Profile: Thomson Reuters Corp (TRI.N)
17 Feb 2017
Thomson Reuters Corporation, incorporated on December 28, 1977, is a provider of news and information for a range of professional markets. The Company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. The Company also has a Global Growth Organization (GGO), which works with its financial and risk, legal, tax and accounting, and intellectual property and science businesses to combine its global capabilities and to manage its local presence and development in countries and regions. It operates Reuters, which is a provider of multimedia news and information services to newspapers, television and cable networks, radio stations and Websites around the globe.
Financial & Risk
The Company's Financial business provides a range of offerings to financial markets professionals. The Company delivers global content sets, including fundamentals, estimates, and primary and secondary research. The Company also provides customers with tools, platforms, venues and services to enable decision-making. Its financial markets desktop platform is Thomson Reuters Eikon, which provides pre-trade decision-making tools, news, real-time pricing, charting, analytics, portfolio tools, trading connectivity and collaboration tools. It also offers Eikon Messenger, an instant messaging tool. Its Thomson ONE product provides integrated access to information, analytics and tools delivered within workspaces designed for customer's workflow. Its Thomson Reuters BETA product offers a suite of integrated, solutions to manage retail brokerage operations, including workflow and productivity tools, transaction processing, reporting and archiving, and data delivery. Thomson Reuters Elektron is a cross asset data and trading infrastructure that includes low latency real-time data feeds, non-real-time data, analytics and transactional connectivity.
The Company's Thomson Reuters Enterprise Platform provides technology platforms that enable financial institutions to control real-time information flows. Its Foreign Exchange (FX) Solutions offer FX Trading, which is a desktop platform that delivers its foreign exchange offering, and provides a single point of access to liquidity in a range of currency pairs from the Thomson Reuters Matching, Dealing and FXall platforms. Thomson Reuters Dealing is a legacy peer-to-peer conversational dealing product primarily related to FX and money markets. Thomson Reuters Matching is a legacy anonymous electronic FX trade matching system, which provides trading in spot and forwards FX and brokerage capabilities. FXall is an electronic platform for institutional FX trading with a suite of execution tools, end-to-end workflow management and straight-through processing with liquidity from over 160 market makers, as of December 31, 2015. Its Tradeweb product is an electronic multi-dealer-to-customer marketplace for trading fixed income, derivatives and money market products, which connects investment banks with institutional customers.
The Company's Risk business provides a suite of solutions designed to help its customers address third-party risk (customer, supplier and partner), regulatory compliance, corporate governance and operational risk controls, and pricing and valuation. Risk's solutions combine technology to deliver integrated offerings to financial services and multinational institutions for global regulatory intelligence, financial crime prevention, anti-bribery, anti-money laundering and anti-corruption, know-your-customer (KYC) and other due diligence, compliance management, internal audit, e-learning and risk management services. The Risk business also provides independent and timely pricing information on fixed income derivatives, instruments and loans. The Risk's product categories include Third Party Risk, Regulatory Intelligence and Compliance Management, eLearning, Internal Audit and Controls, Enterprise Risk Management and Thomson Reuters DataScope.
Third Party Risk is a provider of information, software products and services, such as Thomson Reuters Org ID (KYC managed service), World-Check data, screening software and due diligence reports. Org ID is an end-to-end client identity service that collects, verifies, screens and helps determine ultimate beneficial owners and monitors a legal entity for change. As of December 31, 2015, Regulatory Intelligence and Compliance Management provided information and software products, which included global coverage of over 550 regulatory bodies and over 950 rulebooks with news and analysis. eLearning is a provider of training programs that assist in changing behavior and supporting a culture of integrity and compliance. Internal Audit and Controls is a provider of internal auditing and internal controls testing, including risk assessment, global issue tracking and administration. Enterprise Risk Management is a risk management solution that helps to identify, document and assess strategic and operational risks, including loss events, key risk indicators, assessment responses and scenario analysis data. Thomson Reuters DataScope is a data delivery platform for non-streaming cross-asset class content and supports the management of financial risk.
The Company's Legal segment is a provider of critical online and print information, know-how, decision tools, software and services. The business serves customers in law firms, corporate legal departments and governments, including federal, provincial, state and local government lawyers and judges, as well as investigators. The Legal segment’s brands and product categories include Thomson Reuters Westlaw (U.S), Sweet & Maxwell (U.K), Carswell (Canada), Aranzadi (Spain), La Ley (Argentina), Revista dos Tribunais (Brazil), Practical Law, Practice Point, Thomson Reuters Legal Tracker, Legal Managed Services, Elite 3E, ProLaw, FindLaw, Case Logistix, Case Notebook, Drafting Assistant, C-Track Court Management Solutions, Thomson Reuters ProView, CLEAR and PeopleMap. Thomson Reuters Westlaw is its primary online legal research delivery platform in the United States. Westlaw offers content, search functionality and research organization, team collaboration features and navigation tools to find and share specific points of law and search for analytical commentary.
The Company's online legal research services are provided in Argentina, Australia, Brazil, Canada, Chile, China, France, Hong Kong, India, Ireland, Japan, Malaysia, New Zealand, South Korea, Spain, the United Kingdom and other countries. Through Westlaw International, it offers online products and services to customers in markets where the Company may not have yet developed a fully localized Westlaw service. The Practice Point and Practical Law provides legal know-how, current awareness and workflow tools. Practice notes, standard documents, checklists and What's Market tools cover a range of practice areas, such as commercial, corporate labor and employment, intellectual property, finance and litigation. Practical Law has offerings in the United Kingdom, the United States, Canada and China. Thomson Reuters Legal Tracker offers online matter management, e-billing and legal analytics service. Legal Managed Services offers outsourced legal services.
Elite 3E ProLaw provides a suite of integrated software applications that assist with business management functions, including financial and practice management, matter management, document and e-mail management, accounting and billing, timekeeping and records management. FindLaw provides online legal directory, Website creation and hosting services; law firm marketing solutions, and peer rating services. Case Logistix, Case Notebook and Drafting Assistant offers electronic discovery service, research tools, case analysis software and deposition technology, as well as witness, document review and document retrieval services and drafting tools to support each stage of the litigation workflow. C-Track Court Management Solutions provides a software suite to support e-filing, case management, and public access solutions for courts, which can be integrated with other court applications. CLEAR and PeopleMap provides public and proprietary records about individuals and companies with tools for immediately usable results.
Tax & Accounting
The Tax & Accounting segment is a provider of integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government. The Tax & Accounting's product categories and brands include ONESOURCE, Checkpoint, CS Professional Suite, Onvio and Digita. ONESOURCE provides tax compliance solution for tax planning, tax provision, tax compliance, transfer pricing, trade and customs, tax information reporting, trust, property, and overall tax workflow management and data management. Checkpoint provides integrated information solution delivering research, expert guidance, applications and workflow tools, as well as primary sources and third-party content providers. CS Professional Suite provides integrated suite of software applications that encompass key aspects of a professional accounting firm's operations from collecting customer data and posting finished tax returns to the overall management of the accounting practice. Onvio offers a suite of cloud-based products used for applications, including document management, a client portal system, time and billing, and engagement management. Digita provides the United Kingdom tax compliance and accounting software and services.
The Company competes with Bloomberg, FactSet, Standard & Poor’s, FIS, Interactive Data, Telekurs, Dow Jones, IBM, ICAP, MarketAxess, Reed Elsevier, Wolters Kluwer, CCH Team Mate, Protiviti, SWIFT, Depository Trust & Clearing Corporation/Clarient Entity Hub, Markit-Genpact, BWise, MetricStream, Actimize, McGraw-Hill Financial, Corporation Services Company, Intuit, Associated Press and Agence France-Presse.
Thomson Reuters Corp
3 Times Sq
NEW YORK NY 10036-6564
Company Web Links
- New Reuters Pictures Leadership
- REUTERS SUMMIT-Asian bond markets to stay volatile through Q1, says State Street GA
- REUTERS SUMMIT-GAM's Hatheway says Fed likely to tighten faster than market expects
- REUTERS SUMMIT-Protege Partners eyes new deals with hedge funds in 2017
- REUTERS SUMMIT-Eaton Vance's Gaffney looking to buy cyclical high-yield bonds