Thomson Reuters launches real-time estimate revision feed
17 November 2008 | 9529 views | 0
Thomson Reuters has launched a real-time global estimate revision feed that notifies clients when brokers update their earnings estimates.
Reuters Estimates Delta sends entitled users immediate notification of a broker's revision.
With an average of over 50,000 changes made during a 24-hour period, with over 100,000 in peak periods, the new service provides users with a competitive edge by enabling them to react before the market has priced an earnings revision in the news, says the vendor.
The service is available through the Reuters Knowledge Direct information product line and can be integrated into clients' quantitative models.
Suzanne Wordock, director, referential feed solutions, Thomson Reuters, claims: "By providing premium-quality, global and immediate updates, Reuters Estimates Delta will soon be regarded as a prerequisite for clients to stay ahead of their rivals."
Last week the global news and information group bucked the gloomy market outlook in its Q3 results statement as integration savings ran ahead of plan and the company confirmed its financial guidance for 2008.
The firm reported revenues of $3.3 billion for the quarter, an increase of 8% compared to 2007 pro forma third quarter revenues whilst its integration programme went well, with the business achieving run-rate savings ahead of plan at $550 million at a cash cost of $237 million.