Reuters (LSE: RTR, NASDAQ: RTRSY), the global information company, today announced that Reuters DataScope, its complete back office historical and reference data solution, has launched an ISO15022-compliant corporate actions feed.
The Reuters ISO15022 feed, tested and approved by SWIFT, will simplify automating corporate actions, making it easier for clients to compare messages from different sources and to integrate them. This means fewer errors in corporate actions processing, therefore reducing operational risk. The feed was designed by Reuters DataScope's Third Party Alliance technology partner STPenable, a market data management solutions provider.
ISO15022, sponsored by SWIFT, is the predominant messaging format for corporate actions worldwide. Reuters new ISO15022 service is provided as in integral part of the Reuters DataScope suite. It is also first of a series of enhancements Reuters is planning to launch, expanding its corporate actions service and content.
Caroline O'Shaughnessy, Head of Third Party Alliances of Reuters DataScope, said: "Reuters is dedicated to providing solutions to the corporate actions market. This SWIFT-approved ISO15022 feed combines Reuters quality and breadth of data with STPenable's proven expertise in corporate actions messaging. We can now provide specific, event-based notifications for most corporate actions globally."
Francis Remacle, Head of Securities Industry Division at SWIFT, said: "We are delighted that Reuters is offering an ISO15022-compliant datafeed, which provides high quality messaging in terms of the standardised structure. ISO15022 messaging is being used by increasing numbers of custodians and information suppliers alike, and makes it much easier for them to automate and process corporate actions information."
The Reuters ISO15022 solution is the first step in a move to dramatically increase Reuters’ coverage of the corporate actions market. With an increasingly powerful corporate actions data suite, Reuters is keen to help customers to reduce costs by further consolidating their data usage into a single, dependable source for pricing, reference and corporate actions information.
The Reuters corporate actions service covers over 43,000 companies, from 50 countries, listed on more than 100 exchanges globally as we also continue to add new markets to our coverage.