Thomson Reuters Offers Extra EU Antitrust Concessions

Posted by Joachim Bartels | May 8, 2012 | European Union, Financial Information, Regulatory News, Thomson Reuters | 0 |

Thomson Reuters has offered additional concessions to the European Commission to end an antitrust investigation related to codes for financial data, a Commission spokesman said on Friday.

Thomson Reuters submitted some concessions in December last year. But in a market test conducted by the EU watchdog, competitors and trading firms then demanded more.

The Commission has charged Thomson Reuters with blocking competition in the market for financial data with its Reuters Instrument Codes’ system. This identifies stocks, bonds and other financial instruments on systems used by traders around the world.

Source: Reuters

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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