Thomson Financial
Encyclopedia
Thomson Financial was an arm of The Thomson Corporation, which was one of the world's leading information companies, focused on providing integrated information solutions to business and professional customers. When The Thomson Corporation merged with Reuters
to form Thomson Reuters
in April 2008, Thomson Financial was merged with the business of Reuters to form the Markets Division of Thomson Reuters.
, and IBES
. The acquisition consolidated and combined competing financial information provision, for example the FirstCall and IBES earnings estimate data, under the same company.
On 17 April 2008 The Thomson Corporation merged with Reuters
and created the new company Thomson Reuters
. Thomson Financial and Reuters combined their businesses into the Markets Division: Sales & Trading, Enterprise, Investment & Advisory, and Media. The other Thomson operations were combined into the Professional Division: Legal, Healthcare & Science, and Tax & Accounting.
In June 2007, Thomson Financial agreed to buy seven Asia-Pacific news bureaus from Xinhua Finance
. The bureaus purchased were in Tokyo
, Manila
, Jakarta
, Kuala Lumpur
, Singapore
, Sydney
and Seoul
. Xinhua Finance stated they would retain their operations in Beijing
, Shanghai
, Hong Kong
and Taipei
. Financial terms were not disclosed.
, Capital IQ
and FactSet Research Systems
. There were different packages of Thomson ONE, i.e., Thomson ONE for Investment Management, Thomson ONE for Investment Banking, etc. Due to the acquisition of Primark (not the clothing retailer) and buyout of ILX Systems, Thomson Financial had seen growth over the last four years and had seen improvement in the core product Thomson ONE. Thomson ONE now has innovative features fully integrated, like Reuters Insider, cutting edge financial videos right from within the desktop.
Thomson Financial transaction platforms are ubiquitous in financial markets world-wide and include Thomson AutEx trade order indications and executions, Thomson PORTIA automated portfolio management system, Thomson TradeWeb on-line trading network for fixed-income securities, and Thomson BETA Systems for securities data and brokerage processing systems.
Reuters
Reuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
to form Thomson Reuters
Thomson Reuters
Thomson Reuters Corporation is a provider of information for the world's businesses and professionals and is created by the Thomson Corporation's purchase of Reuters Group on 17 April 2008. Thomson Reuters is headquartered at 3 Times Square, New York City, USA...
in April 2008, Thomson Financial was merged with the business of Reuters to form the Markets Division of Thomson Reuters.
History
Thomson Financial made significant growth when it acquired another financial information provider Primark on June 6, 2000, for $842 million in an all-cash deal. Primark owned many names familiar in both the U.S. and UK/Europe such as Datastream, ICVICV
ICV can stand for:* ICVolunteers / / ICVoluntarios* Cargolux Italia, an airline using the ICAO airline designator ICV* Idle Control Valve, a device to control the idle speed of an internal combustion engine.*Integrity check value...
, and IBES
Institutional Brokers' Estimate System
The Institutional Brokers' Estimate System is a service founded by the New York brokerage firm Lynch, Jones & Ryan and Technimetrics, Inc. I/B/E/S began collecting earnings estimates for U.S. companies around 1976 and used the raw data to calculate statistical time series for each company...
. The acquisition consolidated and combined competing financial information provision, for example the FirstCall and IBES earnings estimate data, under the same company.
On 17 April 2008 The Thomson Corporation merged with Reuters
Reuters
Reuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
and created the new company Thomson Reuters
Thomson Reuters
Thomson Reuters Corporation is a provider of information for the world's businesses and professionals and is created by the Thomson Corporation's purchase of Reuters Group on 17 April 2008. Thomson Reuters is headquartered at 3 Times Square, New York City, USA...
. Thomson Financial and Reuters combined their businesses into the Markets Division: Sales & Trading, Enterprise, Investment & Advisory, and Media. The other Thomson operations were combined into the Professional Division: Legal, Healthcare & Science, and Tax & Accounting.
Major office locations
Thomson Financial had many offices across the US, Europe, and Asia Pacific regions. The head office was based in Boston (1987-2008) and New York (joint with Boston), with significant presence in San Francisco, London, Frankfurt, Bangalore, Manila, and many satellite offices in locations such as Sydney, Hong Kong, Tokyo, Zurich, Geneva, just as some examples. The two major data centers, not including smaller points of presence, for Thomson Financial were located in NYC and New Jersey.In June 2007, Thomson Financial agreed to buy seven Asia-Pacific news bureaus from Xinhua Finance
Xinhua Finance
Xinhua Finance Limited formed in 1999 is engaged in the provision of financial information and services, primarily in the China market. It is headquartered in Shanghai. It is listed on the Tokyo Mothers Board . The company's subsidiary, Xinhua Finance Media Ltd, is listed on NASDAQ...
. The bureaus purchased were in Tokyo
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
, Manila
Manila
Manila is the capital of the Philippines. It is one of the sixteen cities forming Metro Manila.Manila is located on the eastern shores of Manila Bay and is bordered by Navotas and Caloocan to the north, Quezon City to the northeast, San Juan and Mandaluyong to the east, Makati on the southeast,...
, Jakarta
Jakarta
Jakarta is the capital and largest city of Indonesia. Officially known as the Special Capital Territory of Jakarta, it is located on the northwest coast of Java, has an area of , and a population of 9,580,000. Jakarta is the country's economic, cultural and political centre...
, Kuala Lumpur
Kuala Lumpur
Kuala Lumpur is the capital and the second largest city in Malaysia by population. The city proper, making up an area of , has a population of 1.4 million as of 2010. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million...
, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, Sydney
Sydney
Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
and Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
. Xinhua Finance stated they would retain their operations in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
, Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
, Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
and Taipei
Taipei
Taipei City is the capital of the Republic of China and the central city of the largest metropolitan area of Taiwan. Situated at the northern tip of the island, Taipei is located on the Tamsui River, and is about 25 km southwest of Keelung, its port on the Pacific Ocean...
. Financial terms were not disclosed.
Products
The company had a wide variety of financial products. Thomson ONE is a core product, although legacy branded offerings such as Datastream Advance and Global Topic will probably remain for a few years. Thomson ONE was a competitor of Bloomberg L.P.Bloomberg L.P.
Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...
, Capital IQ
Capital IQ
Standard & Poor's Capital IQ is a provider of information and analytical tools for investment bankers, money managers, and other financial professionals.-Business description:...
and FactSet Research Systems
FactSet Research Systems
FactSet Research Systems is a financial data and software company headquartered in Norwalk, CT. The company provides financial information and analytic software for investment professionals. For fiscal year 2010, FactSet's annual sales were $641 million....
. There were different packages of Thomson ONE, i.e., Thomson ONE for Investment Management, Thomson ONE for Investment Banking, etc. Due to the acquisition of Primark (not the clothing retailer) and buyout of ILX Systems, Thomson Financial had seen growth over the last four years and had seen improvement in the core product Thomson ONE. Thomson ONE now has innovative features fully integrated, like Reuters Insider, cutting edge financial videos right from within the desktop.
Thomson Financial transaction platforms are ubiquitous in financial markets world-wide and include Thomson AutEx trade order indications and executions, Thomson PORTIA automated portfolio management system, Thomson TradeWeb on-line trading network for fixed-income securities, and Thomson BETA Systems for securities data and brokerage processing systems.
2004 Global Pensions Awards
"Software Provider of the Year" (by way of nominations from over a thousand managers of pension funds then a panel of independent judges)Inside Market Data 2003 awards
- "Product Development of the Year", for its Thomson ONE product.
- "Company to Watch".
See also
- Botsourcing
- Thomson Financial League Tables
- Institutional Brokers' Estimate SystemInstitutional Brokers' Estimate SystemThe Institutional Brokers' Estimate System is a service founded by the New York brokerage firm Lynch, Jones & Ryan and Technimetrics, Inc. I/B/E/S began collecting earnings estimates for U.S. companies around 1976 and used the raw data to calculate statistical time series for each company...
- National Venture Capital AssociationNational Venture Capital AssociationThe National Venture Capital Association is the leading trade association representing the venture capital industry in the U.S. The NVCA represents the venture industry in public policy debates in Washington, DC, and promotes high professional standards, professional development, and interaction...