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Reuters in 60 Seconds

Introduction

Reuters Logo 1Thomson Reuters is the world’s source of intelligent information for businesses and professionals.  On 17th April 2008, Thomson Corporation purchase British-based Reuters Group to form Thomson Reuters Corporation.

Thomson Reuters is a public-listed company.  The headquarter is in New York, United States while their legal domicile is in Toronto, Canada.  Over 53,000 employees work in Thomson Reuters.

Fast Facts
  • Founded: April 17, 2008 (Merger date)
  • Thomson Founded: In 1934 by Roy Thomson
  • Reuters Founded: In 1851 by Paul Julius Reuter
  • Founders: The Thomson Corporation & Reuters Group
  • Country of Founding: New York, USA (HQ) & Toronto, Canada (Legal)
  • Number of employees: Over 53,000

 

 



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Thomson Reuters Eikon

Thomson Reuters Eikon
Thomson Reuters Eikon

Thomson Reuters Eikon is a financial software that allows financial professionals to monitor and analyse financial information such as real time market data, news, fundamental data, analytics, trading and messaging tools.  It was launched in 2011 as a web-based version.

Launched 2011
Rates $300-1,800 per month
Features Web-browser format, easy to use
No. of users worldwide Over 210,000

 

Subscription Cost:  $300 to $1,800 per month

 

Reuters News

Reuters News is an international news agency.  It was founded in 1851 by Paul Julius Reuter.

 

 

History

On 17th April 2008, Thomson Corporation acquired Reuters Group PLC to form Thomson Reuters.  In June 2011, the company launched Thomson Reuters Eikon.

 

Thomson Corporation

Roy Thomson
Roy Thomson

In 1934, Roy Thomson founded Thomson Corporation in Ontario as the publisher of The Timmins Daily Press.  Between 1953 to 1970, Thomson Corporation had owned Scotsman newspaper, Kemsley Group (includes Sunday Times) & Britannia Airways.

After the death of Roy Thomson, the company sold the Times, the Sunday Times and Scottish Television and moved into publishing, buying Sweet & Maxwell under the group company name of International Thomson Organisation Ltd (ITOL).

In 1989, ITOL merged with Thomson Newspapers, forming The Thomson Corporation.

On 17th April 2008, Thomson Corporation purchase British-based Reuters Group to form Thomson Reuters Corporation.

 

Reuters Group

Paul Julius Reuters
Paul Julius Reuters

Reuters Group was founded in 1851 by Paul Julius Reuter.  The business transmit stock quotations.  In October 1851, he negotiated a contract with the London Stock Exchange to provide stock prices from continental exchanges in return for access to London prices, which he will provide to stockbrokers in Paris, France.

In 1865, Reuters in London was the first media to report the assassination of Abraham Lincoln.  In 1941, it was acquired by the British National & Provincial Press.  In 1984, Reuters was listed on the London Stock Exchange.  In 1980s, Reuters expanded its product range:

  • 1987 Equities 2,000
  • 1992 Dealing 2000-2
  • 1994 Business Briefing
  • 1994 Reuters Television
  • 1996 3000 Series
  • 1999 Reuters 3000 Xtra
Founded 1851
Founders Paul Julius Reuter
Country of Founding London, UK

 

On 17th April 2008, Reuters Group was acquired by Thomson Corporation to form Thomson Reuters Corporation.

Thomson Reuters Websites:

Related Articles:

 




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