Thomson Financialwas an arm of theThomson Corporation,an information provider. When the Thomson Corporation merged withReutersto formThomson Reutersin April 2008, Thomson Financial was merged with the business of Reuters to form the Markets Division of Thomson Reuters.
 | |
| Company type | Division |
|---|---|
| Founded | 1980 |
| Defunct | April 2008 |
| Fate | MergerwithReuters Group plc |
| Successor | Thomson Reuters |
| Parent | Thomson Corporation |
History
editThomson acquired magazine publisher Faulkner & Gray in 1992.[1]Thomson Financial expanded significantly when it acquiredPrimark,another financial information provider, on June 6, 2000, for $842 million in an all-cash deal. Primark owned many brands in both the U.S. and UK/Europe such as Datastream, Baseline Financial, Intellivate Capital Ventures (ICV), andIBES.[2]The acquisition consolidated and combined competing financial information provision, for example the FirstCall and IBES earnings estimate data, under the same company.
Thomson Financial sold itsThomson Mediadivision in 2004.[citation needed]
On 17 April 2008 the Thomson Corporation merged withReutersand created the new companyThomson Reuters.Thomson Financial and Reuters combined their businesses into the Markets Division: Sales & Trading, Enterprise, Investment & Advisory, and Media. The other Thomson operations were combined into the Professional Division: Legal, Healthcare & Science, and Tax & Accounting. Thomson Reuters Financial & Risk eventually becameRefinitiv.[3]
Major office locations
editThomson Financial had many offices across the US, Europe, and Asia Pacific regions. The head office was based in Boston (1987-2008) and New York (joint with Boston), with significant presence in San Francisco, London, Frankfurt, Bangalore, Manila, and many satellite offices in locations such as Sydney, Hong Kong, Tokyo, Zurich, Geneva, just as some examples. The two major data centers, not including smaller points of presence, for Thomson Financial were located in NYC and New Jersey.[citation needed]
In June 2007, Thomson Financial agreed to buy seven Asia-Pacific news bureaus fromXinhua Finance.[4]The bureaus purchased were inTokyo,Manila,Jakarta,Kuala Lumpur,Singapore,SydneyandSeoul.Xinhua Finance stated they would retain their operations inBeijing,Shanghai,Hong KongandTaipei.Financial terms were not disclosed.
Products
editThe company had a wide variety of financial products.Thomson ONEis a core product, although legacy branded offerings such asDatastream AdvanceandGlobal Topicwill probably remain for a few years.[year needed]Thomson ONE was a competitor ofBloomberg L.P.,Capital IQandFactSet Research Systems.There were different packages of Thomson ONE, i.e., Thomson ONE for Investment Management, Thomson ONE for Investment Banking, etc. Due to the acquisition of Primark and buyout of ILX Systems, Thomson Financial had seen growth over the previous four years[year needed]and had seen improvement in the core product Thomson ONE.
Thomson Financial electronic transaction processing systems included Thomson AutEx trade order indications and executions, Thomson PORTIA automated portfolio management system, Thomson TradeWeb on-line trading network for fixed-income securities, and Thomson BETA Systems for securities data and brokerage processing systems.
See also
editReferences
edit- ^"20 years covering ecommerce".25 February 2019.
- ^Hane, Paula J. (2000-06-12)."Thomson Corp. to Acquire Primark".Retrieved2021-08-04.
- ^"Thomson Reuters Financial & Risk business announces new company name: Refinitiv".thomsonreuters.Retrieved2022-09-19.
- ^"Thomson buys non-China bureaus of Xinhua Finance".Reuters. 2007-06-01.