Financial News Release
|18 NOV 2010|
|Thomson Reuters Adds Best in Class Convertible Bond T&C Data to Eikon Through Acquisition of Mace Advisers Limited|
Another leading data source added to Thomson Reuters Eikon
London – Thomson Reuters today announced that is has acquired 100% of the share capital of Mace Advisers Limited, the convertible bonds Terms and Conditions (T&C) data specialists.
Mace Advisers provides buy and sell side convertible bond professionals with best in class terms and conditions data used for pricing and analysis of convertible securities. It also administers the UBS Convertible Indices, recognised as the leading global convertible index benchmark. These administration responsibilities will now move to Thomson Reuters.
Thomson Reuters will leverage Mace Advisers knowledge and data to enhance its convertible bond content and analytics offering on Thomson Reuters Eikon.
Eikon is Thomson Reuters next-generation desktop for financial market professionals that is simple to use and offers powerful collaboration capabilities. It provides a robust market data delivery platform for Mace Advisers convertible bond data, alongside market-moving news from Reuters and streaming content from other benchmark sources.
"Thomson Reuters acquisition of Mace Advisers is another example of our ongoing investment in premium content for our fixed income customers," said Andrew Hausman, Executive Vice President and Global Head of Fixed Income, Thomson Reuters. "The exceptional data and expertise that Mace provides will significantly strengthen the value of Thomson Reuters Eikon for global convertible bond market participants."
Terms of the agreement were not disclosed.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs 55,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.