Reuters (LSE: RTR, Nasdaq: RTRSY), the global information company, today announced that Reuters DataScope data is now available as a primary source in ValueLink's validated data service, for the first time offering clients access to the strength and coverage of Reuters market data combined with the state of the art data validation and flexibility of Valuelink's service.
ValueLink clients can add Reuters DataScope to other sources of data and integrate the DataScope data in ValueLink's validation processes. The client receives a single validated feed and full benefit of ValueLink's service. This offers a sophisticated and complete solution for the market data needs of back-office users.
Stephen Choate, CEO at ValueLink, said: "We are delighted to be able to offer this solution in alliance with Reuters. It adds a new dimension to our fully validated global securities data services. This is the complete solution for clients seeking maximum accuracy and reliability in a cost effective outsourced validated service solution while directly retaining the benefits of the premier global data vendor."
Caroline O'Shaughnessy, Head of Third Party Alliances for Reuters DataScope, said: "We are pleased that this alliance will bring further choice and flexibility to our clients by allowing them to access the quality, accuracy and depth of coverage of Reuters DataScope through Valuelink's premium validation service."
This alliance further strengthens the position of Reuters DataScope as a primary data source, offering its clients complete solutions to manage and distribute Reuters data to a department or throughout the enterprise – further automating pricing, reference data, and corporate actions across the whole company.
Reuters DataScope, available by separate contract, will be incorporated into ValueLink's intraday, closing price corporate action and dividends validation services. Reuters DataScope reference data will also be available via Valuelink.
The service is available now and it is expected that early users will be announced shortly.