“At Thomson Reuters we are committed to investing in world leading journalism and talent, taking our partnership with LSEG to the next level will help us to continue to do just that. Our new range of commitments will boost both organizations, delivering an even more valuable news file to LSEG’s customers and a superior experience to professionals around the world.”
London Stock Exchange Group and Thomson Reuters have expanded their long-term partnership which shares a number of joint commitments to enhance the value of financial and market news services to LSEG customers.
In 2018, LSEG became the exclusive distributor of Reuters news to the financial community under a 30-year news agreement.
The new and enhanced commitments include:
- Investment in 100 editorial roles across Reuters global newsroom with focus on financial and markets coverage
- A significant expansion of Reuters India financial file and China equities coverage
- The previously announced acquisition and ongoing integration of PLX AI – a real-time financial news service powered by artificial intelligence – into Reuters newsroom, available exclusively through LSEG services
- Agreement on a path forward for Reuters to launch consumer-facing subscription products, supporting both parties’ engagement with global professionals
Steve Hasker, Chief Executive Officer at Thomson Reuters, said: “At Thomson Reuters we are committed to investing in world leading journalism and talent, taking our partnership with LSEG to the next level will help us to continue to do just that. Our new range of commitments will boost both organizations, delivering an even more valuable news file to LSEG’s customers and a superior experience to professionals around the world.”
David Schwimmer, Chief Executive Officer at LSEG said: “We are delighted to have expanded our long-standing strategic partnership with Thomson Reuters. This collaboration will broaden our news offering, enhancing the speed and analysis of breaking news, and increasing the value of services provided to LSEG customers.”
India, China, artificial intelligence, and consumer-facing subscription products
The significant co-investment in financial and markets coverage will see the creation of new editorial roles in Reuters global newsroom to deepen the coverage in four key areas: financial markets; mergers and acquisition; the energy transition; and data visualization. Reporters will deliver fast, accurate stories and create value for professional clients of both LSEG and Reuters, said the announcement.
In addition, Reuters is more than doubling the number of reporters covering India, namely local forex, fixed income and equity markets, government policy, the regulatory landscape and public companies, providing the premier news service for LSEG customers in India.
The coverage of China equities will also This includes providing complete pre-open to post-close coverage of company and market activity, of China’s top 350 listed companies.
PLX AI, a real time financial news service powered by artificial intelligence recently acquired by Thomson Reuters is now integrated and will be expanded across additional markets. PLX AI had a significant partnership with LSEG and the content it generates will be available exclusively through LSEG products.
Thomson Reuters and LSEG have agreed on a path forward for Reuters to launch consumer-facing subscription products supporting both parties’ engagement with global professionals.
