18 December 2017
visit www.ebaday.com

Reuters overall market share slips, high-end gains on Bloomberg

02 April 2004  |  8278 views  |  0 Reuters Graph 4

Reuters says it lost further market share last year, with its revenue take of the £6bn global financial information market slipping two percentage points to 37% during 2003.

The UK vendor saw a loss of share in the overall end user market last year, which accounts for around 60% of its recurring revenue base.

But Reuters says it is confident of winning business back with new products and claims to have gained against rival vendor Bloomberg at the premium end of the market - where data screens cost around $1000 a month. Reuters says it now commands 28% of the £2.2 billion premium market by revenue, and 34% by user numbers.

In a statement, Reuters chief executive Tom Glocer says the drop in overall market share is not unexpected: "I am confident that the strength of our new products in the mid-tier and our investment in service will be the basis for strengthening our overall position."

The decline had little effect on Reuters' share prices, which were up 1.30% by mid-morning to 405.50 pence after recovering from a slight early loss.

As part of its push into new markets, Reuters has launched an online brokerage service for interest rate (IRS) and overnight index swaps (OIS), called Reuters Matching for Interest Rates.

Traders can use the service to trade Euro denominated IRS and OIS electronically over the Reuters Dealing 3000 products. The system will be extended to cover British pound, US dollar and Swiss franc IRS and OIS trading.

Reuters Matching for Interest Rates has gone live across Europe with 31 banks signing up for the service. The system will gradually be rolled out to North America and Asia.

The vendor has also won a deal to distribute its analytics data over the Nasdaq Online service and has signed HBOS subsidiary Insight Investment Management to its new browser-based desktop product, Reuters Knowledge.

Reuters' Estimates and Fundamentals services have been incorporated into the Nasdaq Online site. The agreement also allows Nasdaq-listed companies to purchase Reuters Knowledge for Corporates - which delivers broker and independent research, morning notes, estimates, market data and charts - at a reduced price.

Also, Insight Investment Management, the asset management arm of UK banking group HBOS, is rolling out Reuters Knowledge desktop to its fund managers and analysts.

The system will integrate news and information provided by Reuters with Insight's own data. Users can then modify the data, add commentary and publish the information as PDF or HTML documents.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Reuters sells ORT unit to Coface

Reuters sells ORT unit to Coface

01 April 2004  |  4387 views  |  0 comments
Reuters braces for criticism over executive pay

Reuters braces for criticism over executive pay

17 March 2004  |  4093 views  |  0 comments
Niall Fitzgerald to take over Reuters' chair from Hogg

Niall Fitzgerald to take over Reuters' chair from Hogg

03 March 2004  |  3590 views  |  0 comments
Reuters sells off Mercury Online and FIX business to Net2s

Reuters sells off Mercury Online and FIX business to Net2s

02 March 2004  |  3964 views  |  0 comments
Reuters sells TowerGroup subsidiary to MasterCard Advisors

Reuters sells TowerGroup subsidiary to MasterCard Advisors

20 February 2004  |  4335 views  |  0 comments
Reuters soars on improving results

Reuters soars on improving results

17 February 2004  |  7910 views  |  0 comments
Reuters sells off additional Tibco shares

Reuters sells off additional Tibco shares

03 February 2004  |  4692 views  |  0 comments
Reuters rakes in $504 million from Tibco sale

Reuters rakes in $504 million from Tibco sale

29 January 2004  |  10339 views  |  0 comments
Reuters shares hit new high: Merrill and Thomson deny rift

Reuters shares hit new high: Merrill and Thomson deny rift

15 January 2004  |  5708 views  |  0 comments
Reuters' chief forfeits termination pay-out

Reuters' chief forfeits termination pay-out

30 October 2003  |  4237 views  |  0 comments
Reuters revenues fall again

Reuters revenues fall again

27 October 2003  |  7137 views  |  0 comments
Reuters to cut jobs at software development operations

Reuters to cut jobs at software development operations

23 October 2003  |  5956 views  |  0 comments
Reuters to move to Canary Wharf; sell Fleet Street HQ

Reuters to move to Canary Wharf; sell Fleet Street HQ

23 September 2003  |  14204 views  |  0 comments
Reuters slips on slack sales

Reuters slips on slack sales

22 July 2003  |  5140 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit http://cib.db.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11312 views comments | 3 tweets | 4 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10381 views comments | 21 tweets | 26 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7820 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7574 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7467 views comments | 6 tweets | 26 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job