What is 'Reuters'

Reuters is a global information provider headquartered in London, England, that serves professionals in the financial, media and corporate markets. Reuters was a standalone global news and financial information company headquartered in London until it was bought by Thomson Financial Corporation in 2008. The parent company, now known as Thomson Reuters Corporation, is headquartered in New York City. The stock is listed on the New York and Toronto exchanges.

BREAKING DOWN 'Reuters'

The core strength of Thomson Reuters is in providing content, analytics, trading and messaging capabilities needed by financial professionals via its Thomson Reuters Eikon system. The Reuters news agency offers text, graphics, video and pictures to subscribers around the world, including general interest and business news. The company also offers both general and business news via its proprietary news website, reuters.com.

Reuters is part of the Thomson Reuters Corporation. It is both a global news agency and a major provider of financial markets trading and analytical software.

History

Paul Julius Reuter established Reuter's Telegram Company in 1851 with an emphasis on providing business news quickly via both telegraph and carrier pigeons. The company signed a ground-breaking contract with the London Stock Exchange (LSE) to provide information on Paris stock exchange prices in exchange for conveying London prices overseas. The agency's first newspaper client was the London Morning Advertiser, and more followed. The company became known for its international reach, and it was reportedly the first European newsgroup to break the news of U.S. President Abraham Lincoln's assassination in 1865.

Reuters was a major international news agency by the mid-20th century.

Reuters Dealing System

By the mid-1970s, the company's financial information terminals were ubiquitous in banks and financial institutions. By 1981, the company began to offer subscribers the ability to conduct financial transactions via its network of terminals. The Reuters Dealing 2000-2 system was released in 1992, and it revolutionized trading by eliminating the need for a broker.

The Reuters Dealing 3000 debuted in 1999. It incorporated live market data, trading and automated matching of trades between counter-parties, placement and execution of orders, secure messaging and data analysis that incorporated Microsoft Excel functionality. The Dealing 3000 system was used to trade foreign exchange, stocks, bonds, options and commodities.

The Dealing 3000 system was replaced by the Thomson Reuters Eikon system in 2013. The software can be run on a desktop or mobile device. It is the number two financial markets software system, with over 14,000 users and 34 percent of the market. The Bloomberg Terminal is first with 57 percent.

Reuters News Agency

Reuters is the world's largest international news agency. It provides tailor-made broadcast news and print reports to media outlets worldwide on subjects ranging from terrorism and politics to entertainment and sports. It employs over 2,600 journalists in more than 200 locations worldwide and reports in 16 languages.

Thomson’s Acquisition of Reuters 

After reviewing the merger of the two companies, the U.S. Department of Justice and the European Commission approved the transaction. But the deal was subject to certain minor divestments and was later cleared by the Canadian Competition Bureau. On April 17, 2008, the Thomson Corporation officially acquired Reuters Group PLC, forming Thomson Reuters. Both of its parent companies — Thomson Reuters Corporation and Thomson Reuters PLC — were listed publicly. In 2009, it stopped listing on the LSE and Nasdaq, unifying its dual-listed company. It is currently only listed as Thomson Reuters on the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSX). Between 2008 and 2018, Thomson Reuters has completed roughly 200 acquisitions, including companies that focus on software systems, computing, financial data, media, analytics and legal tools.  

RELATED TERMS
  1. Stock Market | Investopedia

    The stock market consists of the exchanges or OTC markets in ...
  2. London Stock Exchange - LSE

    The London Stock Exchange (LSE) is the primary stock exchange ...
  3. Intercontinental Exchange - ICE

    The Intercontinental Exchange is a market based in Atlanta, Georgia, ...
  4. Exchange

    An exchange is a marketplace in which securities, commodities, ...
  5. L

    L is a fifth character added to Nasdaq stock tickers to indicate ...
  6. Primary Listing

    A primary listing is the main stock exchange, such as the New ...
Related Articles
  1. Tech

    Nasdaq Building Tool to Predict Crypto Price Movements

    Nasdaq is reportedly working on tools that can be added to its Analytics Hub for predicting future crypto price moves and sentiments
  2. Investing

    The Bloomberg Terminal: Step By Step

    Bloomberg is synonymous with investment information- its media outlet and software/hardware are used by most, if not all, professional money managers.
  3. Insights

    BlackRock to Launch ETFs Curated by Robots

    BlackRock is gearing up to launch ETFs powered by AI as more online brokerages embrace advanced technology.
  4. Investing

    Vietnam to Facebook, YouTube: Drop Dead

    Vietnam is calling on companies in the country to stop advertising on Facebook and YouTube.
  5. Investing

    Top 5 Websites for Finding Mutual Fund News (MORN, TRI)

    Discover the five top websites for finding mutual fund news, data and tools for researching the best mutual funds for current investment.
  6. Investing

    Snap Added 10M Users In France Since Last Year

    The maker of Snapchat added 10 million users in France since launching the Discover feature.
  7. Insights

    Retail Executives Want to Kill Border Tax Proposal

    Retail industry executives are the latest in a wave of CEOs scrambling to Washington for their cause.
  8. Investing

    EU Set to Approve Microsoft, LinkedIn Deal (MSFT, LNKD)

    Microsoft's $26.2 billion blockbuster deal for LinkedIn could be green-lighted soon.
  9. Investing

    The World's Top Ten News Companies

    Investopedia explores the top companies which are leaders in the business of news.
RELATED FAQS
  1. What agencies oversee U.S. financial institutions?

    Discover the specific responsibilities of some of the major regulatory agencies that oversee financial institutions and markets ... Read Answer >>
  2. Can stocks be traded on more than one exchange?

    A stock can trade on any exchange on which it is listed. A company can list its shares on more than one exchange, in a dual ... Read Answer >>
  3. Why do stock prices change based on news reports?

    Stock prices move up and down due to fluctuations in supply and demand. Learn how this relationship is tied into news reports ... Read Answer >>
  4. What are the advantages and disadvantages of listing on the Nasdaq versus other stock ...

    Discover some of the primary advantages and disadvantages that exist for companies listed on the Nasdaq exchange rather than ... Read Answer >>
  5. What are all of the securities markets in the U.S.A?

    Securities can be bought and sold via a number of exchanges in the US. Learn about the major and somewhat lesser-known U.S. ... Read Answer >>
Trading Center