Reuters announced today that it has enhanced its equities market data offering through a rolling agreement with independent financial research company, Trading Central. The company says this agreement underscores Reuters aim to supply financial market professionals with the most accurate and granular data sources available, via its real-time financial information platform.
Under the agreement, Reuters will deliver Trading Central’s complete data service which includes technical analysis, trends and commentary information on more than 1,000 instruments in four languages – English, French, German, and Italian. The independent analysis focuses predominantly on equities and sector indices that drive markets in Europe, the US and Asia. However, it also provides analysis for major cross-currency rates and interest rate futures (USD, EUR, GBP).
Users will be able to access the fee-based service around the world through a number of Reuters premium offerings including Reuters 3000Xtra, the company’s flagship platform. The analysis service offers trading ideas, directional scenarios, resistance and support levels. In addition, the information can be used to determine “stop loss” and “take profit” levels, optimise timing, run positions and manage risks.
Paul Hansford, Head of Premium Desktop Services, Reuters, said, “Reuters has noted the need for independent research which has been highlighted by regulators following the recent conflict-of-interest scandals in the marketplace. The deal with Trading Central augments Reuters excellent equity coverage by providing our 539,000 market users with the opportunity to utilise best in class independent equity analysis. We are delighted to have formed a relationship with such a highly regarded independent data provider.”
Alain Pellier, CEO, Trading Central said “Making our technical analysis wire available on Reuters screens is a key milestone in the history of our fast-growing company. We are pleased that Reuters users are now in a position to get access to our high-value service. And we are proud to be teaming up with such a well-known organisation in the financial industry to develop usage of technical analysis by market professionals.”