The deal is the largest market data purchasing initiative managed by the Eurosystem Procurement Coordination Office, which fosters the participation of the ECB and the national central banks in joint deals.

Mora Golding, market data management, ECB, says: "We appreciate Thomson Reuters Eikon as a powerful financial markets desktop that makes it easy for our users to find and analyse the information they need and connect with their peers, both at their desk and through mobile devices."

After a tricky launch in late 2010, Eikon has been gaining momentum in recent times. Sluggish sales of the product contributed to a clear-out at the top of the company's Markets division and the departure of group CEO Tom Glocer at the end of 2011. However, sales have been rapidly improving, with recent fourth quarter results showing that the number of installed desktops was up 33% on Q3 at 33,900 positions.

Peter Moss, MD, trading, Thomson Reuters, says: "We are getting great feedback from our customers regarding usability and performance in Eikon as well as excitement around innovations we are making in areas such as search and visualisation."