Profile: Thomson Reuters Corp (TRI.N)
7 Dec 2016
Thomson Reuters Corporation, incorporated on December 28, 1997, is a provider of news and information for professional markets, operating in approximately 100 countries. The Company operates through four business units: Financial & Risk; Legal; Tax & Accounting, and Intellectual Property & Science. The Financial & Risk segment is a provider of critical news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals. Its Financial & Risk also provides regulatory and operational risk management solutions. The Legal segment is a provider of critical online and print information, decision tools, software and services that support legal, investigation, business and government professionals across the world. 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 Intellectual Property & Science segment is a provider of comprehensive intellectual property and scientific information, decision support tools and services that enable the lifecycle of innovation for governments, academia, publishers, corporations and law firms to discover, protect and commercialize new ideas and brands. The Company also has a Global Growth Organization (GGO), which combines the Company's global capabilities and to expand 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.
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 fast, intelligent decision-making. Its flagship 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 expanded the footprint of Eikon Messenger, a free 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 provides complete suite of integrated, intelligent 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) business is a desktop platform that delivers its entire foreign exchange offering, and provides a single point of access to liquidity in hundreds 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, providing trading in spot and forwards FX and prime 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 150 market makers. 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 are Third Party Risk is a provider of information, software products and services, which include Org ID (KYC managed service), World-Check data, screening software and due diligence reports; Regulatory Intelligence and Compliance Management is a provider of information and software products, which include global coverage of over 550 regulatory bodies and over 950 rulebooks with exclusive news and analysis; eLearning is a provider of training programs, which 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 captures risk intelligence, which helps identify, document and assess strategic and operational risks, including loss events, key risk indicators, assessment responses and scenario analysis data, and Thomson Reuters DataScope is a data delivery platform for non-streaming cross-asset class content and supports the management of financial risk. 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.
The Company's Legal business 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. Its Legal segments brands and product categories include Thomson Reuters Westlaw, Sweet & Maxwell, Carswell, Aranzadi, La Ley, Revista dos Tribunais, 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 and CLEAR PeopleMap. Thomson Reuters Westlaw is its 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. Practical Law provides legal know-how, current awareness and workflow tools to law firms and legal departments. Practical Law's resources, such as its 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. It also offers Thomson Reuters Legal Tracker, which is an online matter management, e-billing and legal analytics service.
The Company's 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. Its FindLaw provides online legal directory, Website creation and hosting services; law firm marketing solutions, and peer rating services. It provides a software suite to support e-filing, case management, and public access solutions for courts. In addition, the Company 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.
Tax & Accounting
The Company's 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 Company's Tax & Accounting's product categories and brands include ONESOURCE, which 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, which 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, which 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, which offers a suite of cloud-based products used for applications, including document management, a client portal system, time and billing, and engagement management, and Digita, which provides the United Kingdom tax compliance and accounting software and services. Its CS Professional Suite offers tax preparation, engagement, practice management, document management and workflow management solutions for firms.
Intellectual Property (IP) & Science
The Company's Intellectual Property (IP) & Science segment is organized in three businesses, such as Intellectual Property Assets, which provides patent, trademark and brand content and services that help corporate and legal IP professionals drive new growth opportunities, manage and protect IP assets and create maximum value from their IP portfolio; Life Sciences, which helps accelerate pharmaceutical research and development by providing decision support information and analytics, clinical trial data and professional services to pharmaceutical and biotechnology companies, and Government & Academia, which fosters collaboration, and enables scientific search and discovery by providing access to the literature and citation data, as well as benchmarking and analytics, designed to maximize returns on research funding, evaluate research investment and facilitate the peer-review and publishing process. The Intellectual Property & Science's brands and product categories include Thomson IP Manager, which is an intellectual asset management solution for patents, trademarks, licensing agreements, invention disclosures and IP matters; Thomson Innovation, which is a patent intelligence and collaboration platform; MarkMonitor, which is a provider of online brand protection and anti-counterfeiting solutions, such as domain name management, anti-piracy, anti-fraud, anti-counterfeiting and abating online brand abuse; SERION, which is a provider of a suite of trademark research solutions for screening, searching and protecting brands; Web of Science, which is a platform of scientific, technical and scholarly literature with science citation index; Thomson Reuters Cortellis, which is an integrated platform containing research and development (R&D) drug pipeline information, patents, deals, company information, breaking industry news, conference coverage and global regulatory intelligence, and Techstreet, which provides engineering industry standards, codes and management tools for staying compliant in electronic, print and enterprise solutions.
The Company competes with Bloomberg, FactSet, FIS, S&P, Interactive Data, Telekurs, Dow Jones, IBM, ICAP, MarketAxess, CCH Team Mate, SWIFT, Protiviti, BWise, MetricStream, Actimize, McGraw-Hill Financial, Reed Elsevier, Wolters Kluwer, Intuit, Corporation Services Company, CPA Global, CSC Global, Innography, Informa, IMS, RefWorks, ProQuest, EBSCO, Aries, Associated Press, Agence France-Presse, Depository Trust & Clearing Corporation (DTCC)/Clarient Entity Hub, Markit-Genpact, LexisNexis, GlobalRisk, Bloomberg BNA and HIS.
Thomson Reuters Corp
3 Times Sq
NEW YORK NY 10036-6564
Company Web Links
- 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
- REUTERS SUMMIT-Investec predicts euro to reach parity with dollar in 2017