Reuters (LSE:RTR, Nasdaq:RTRSY), the global information company, today announced significantly improved coverage within Reuters DataScope of fixed income evaluations with the addition of European-issued debt securities.
The first phase launch of this European evaluation service offers coverage of investment grade securities including liquid and illiquid government, corporate, agencies, supranational debt from 17 European community countries. Coverage extends across a broad range of bond types, structures and maturities.
The European evaluations are available initially via a range of Reuters DataScope end-of-day and premium delivery services and aimed primarily at meeting the needs of the mutual fund accounting & administration market where Reuters has a significant presence today. This coverage extension greatly enhances Reuters DataScope's fixed income pricing services that today offer access to 2.8 million prices & evaluations from a range of sources including an extensive global network of broker-dealer contributions, ECNs, exchanges and third parties. Evaluated prices typically provide a superior indication of a security's value in cases where it trades less frequently.
Kelly Lavelle, Global Head of Marketing, Enterprise Information for Reuters, stated, "We have a very strong heritage in the evaluation services market through our previously integrated EJV franchise and are delighted to continue to deliver the fruits of our ongoing investment and focus. It is our buy-side, and specifically our fund accounting customers, that have been the driving force behind the launch of our European evaluations launch. They have a need to source daily fixed income evaluations in order to perform their net asset value calculations for internationally invested funds."