A strategic data agreement between Thomson Reuters (NYSE:TRI) and S&P Global (NYSE: SPGI) will deliver the industry’s most comprehensive transcript data service to financial services professionals, Thomson Reuters reported earlier today.
Under the agreement, S&P Global Market Intelligence (a division of S&P Global) will become a major provider of transcript coverage on both public and private companies including complete coverage of companies in the S&P 500® and other stock market indices to users of Thomson Reuters desktops platforms including Eikon, Thomson One and Thomson Reuters feeds.
S&P Global Market Intelligence is a provider of multi asset class research and data, and Thomson Reuters Financial & Risk provides solutions to the global financial community – delivering critical news, information and analytics, enabling transactions and connecting communities of trading, investing, financial and corporate professionals.
We are excited to extend S&P Global Market Intelligence’s robust and industry leading transcript data to Thomson Reuters customers,” said Mike Chinn, President of S&P Global Market Intelligence. “This arrangement speaks to the growth and depth of our data, which is critical for customers who rely on the most comprehensive information to meet their business needs.
As part of this agreement, S&P Global Market Intelligence has increased the company coverage for both Thomson Reuters and S&P customers and added several new tagging fields for transcripts within the Event Driven Alerts (EDA) delivery. This will provide clients with enhanced robust search options, making it easy to identify the information required for analysis.
Customers of both of our companies will benefit from our agreement with S&P Global Market Intelligence,” said Pradeep Menon, Managing Director, Global Head of Investment and Advisory, Thomson Reuters. “Providing best-in-class services remains our key priority and we are delighted to work with S&P Global Market Intelligence to continue to enhance our transcript, audio, and presentation offerings to better serve our customers.
S&P Global Market Intelligence will deliver its transcripts and events data to Thomson Reuters in a machine-readable format through its EDA platform. Additionally, final transcript documents and historical events data will be delivered through Xpressfeed, S&P Global’s flagship feed delivery platform. S&P Global Market Intelligence performs extensive quality checks with a high commitment to accuracy and timeliness on all transcript data. The transcript data covers specific earnings conference calls, guidance/update calls, sales/trading calls, special calls, shareholder/analyst days and annual board meetings.
The industry needs accurate, cost-effective, transparent solutions that enable market participants to conduct global business with the utmost confidence,” said Danielle Tierney, Senior Analyst at Aite Group. “What S&P Global and Thomson Reuters have done here is to create a solution that meets a growing market need. I am excited to see the innovations that will result from this data agreement.