Information Mosaic post-trade platform adds Thomson Reuters corporate actions data

Source: Information Mosaic

Information Mosaic, the world's most trusted post-trade software company, announced today that it will work with Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, to integrate their ISO-based corporate actions data feed with Information Mosaic's award-winning corporate actions solution, IMActions™, delivering a consistent, streamlined offering.

Customers will also benefit from Thomson Reuters' global and timely corporate actions data - spanning 94,000 companies in more than 93 countries and with a clear focus on prompt and accurate data delivery.

Thomson Reuters' Head of Middle Office and Entity Data, Tim Lind, commented, "Thomson Reuters understands that corporate actions is a complex market where customers are balancing a global set of requirements combined with local market needs. We are delighted about the opportunity to work together with Information Mosaic and provide their customers around the world with Thomson Reuters' corporate actions data. We continue to invest in this space and our collaboration with Information Mosaic is a testament to our commitment".

Information Mosaic's Senior Vice President of Business Strategy, Gerard Bermingham, added, "Thomson Reuters offer industry-recognized, quality data across all information classes. Information Mosaic views this collaboration as a mutually beneficial arrangement between two like-minded organizations. We view this as a significant step and look forward to a very successful relationship. For users of Information Mosaic's complete post-trade platform, IMSecurities™, adding additional Thomson Reuters data sets such as its Legal Entity Identifier (LEI), reference, and pricing will provide even more value."

Comments: (3)

A Finextra member
A Finextra member 18 March, 2013, 10:41Be the first to give this comment the thumbs up 0 likes

This is a very good collaberation between two firms with complementing offering. As software continue to develop their systems its becoming almost impossible to differentatiate between them and this type of deal will help. Interesting LEI angle that i am sure will be replicated in the market throughout this year towards 2014 implementation  

A Finextra member
A Finextra member 19 March, 2013, 10:59Be the first to give this comment the thumbs up 0 likes

Strongly agree re collaberation Gary. It just strikes me as a shame that CA's & wider automation of events is only now getting this sort of focus per the crisis & industry-wide refocusing on PT & Ops Risk. Having said that, it's a shrewd strategic-move & can only assist all market participant.I trust that your well Gary. Been sharing your articles with various old-skool City Ops pros, keep em coming, Best, DP

A Finextra member
A Finextra member 19 March, 2013, 11:11Be the first to give this comment the thumbs up 0 likes

Thanks Darren. Everything always seems to take more time than is needed. At least all progress is a step in the right direction though