The European Central Bank (ECB) has signed a three-year deal to roll out Thomson Reuters Eikon desktops across 18 national central banks.
Eikon provides real-time and historical data across asset classes including foreign exchange, fixed income, commodities, equities and derivatives. The platform carries real-time data, news, charts, commentary, analytics and trade execution tools.
According to Thomson Reuters, the deal is the largest data purchasing initiative managed by the Eurosystem Procurement Coordination Office (EPCO), whose role is to foster the participation of the ECB and the national central banks in joint procurement actions.
Our customers recognize how simple we have made it to navigate and analyze the unrivalled depth of content we have which alongside key social tools and advanced analytics makes for a very powerful one-stop solution, says Peter Moss, managing director of Trading at Thomson Reuters.
Mora Golding, member of the ECBs market data management division, says the ECB looked for ways to improve access to market information, encourage collaboration and increase cost efficiencies for its members.
We appreciate Thomson Reuters Eikon as a powerful financial markets desktop that makes it easy for our users to find and analyze the information they need and connect with their peers, both at their desk and through mobile devices, Golding says.
The 18 participating national central banks are Nationale Bank Van Belgie, Deutsche Bundesbank, Central Bank of Ireland, Bank of Greece, Banco de Espaa, Banque de France, Banca dItalia, Central Bank of Cyprus, Banque centrale du Luxembourg, Magyar Nemzeti Bank, Central Bank of Malta, De Nederlandsche Bank, Oesterreichische Nationalbank, Banco de Portugal, Banka Slovenije, Narodna Banka Slovenska, National Bank of Romania and Suomen Pankki-Finlands Bank.
(CG)