Thomson Reuters Introduces Intraday Evaluated Pricing Capabilities

Jul 21, 2015 22:45 JST

Source: Thomson Reuters

New Capability Updates Evaluated Prices 24/5 and Delivers Increased Transparency on DataScope Select

NEW YORK, Jul 21, 2015 - (ACN Newswire) - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the launch of intraday evaluated pricing capabilities, derived by Thomson Reuters Pricing Service (TRPS). All Government and Corporate bonds will be updated throughout the day, Monday through Friday, by the global team of over 150 TRPS evaluators. Continuous pricing updates enable customers to value their portfolios throughout the day, providing them with greater accuracy and transparency.

Increased regulatory requirements are escalating the demand for greater insight into the value of investment and trading portfolios. These valuations typically have been calculated by using end-of-day pricing from the day prior; however the ability to use intraday pricing makes net asset value (NAV) and profit and loss (P&L) computations more accurate throughout the day with up-to-the-minute pricing. Supporting market data, such as corresponding benchmark rates and spreads, will be available alongside intraday prices.

"The ability to defend evaluated prices and meet strict valuation requirements is driving the need for greater transparency for financial institutions," said Jayme Fagas, global head, Valuations and Transparency for Thomson Reuters Pricing and Reference Services. "Customers are in need of greater transparency and we can no longer rely solely on end-of-day pricing. Heightened global accounting standards contained in such regulations as AIFMD, IFRS 13, Basel III and Solvency II require the ability to calculate NAV at all times. By adding intraday pricing to our evaluated pricing suite, we are answering just one of our customers' most pressing needs."

Global Government and Corporate Intraday evaluated pricing by TRPS is delivered through DataScope Select, the strategic global data delivery platform for non-streaming content. TRPS covers over 2.5 million fixed income securities, derivatives and loans, priced daily, including: collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), credit default swaps (CDS), Corporates, US Municipals, and more.

The introduction of intraday evaluated pricing is one of many enhancements and additions that are being made to TRPS this year. TRPS intraday pricing helps clients remain compliant and enables them to make more informed investment decisions. By offering greater access to the inputs, methodology and related market color used to derive evaluated prices, these TRPS updates aim to delivery greater transparency into securities pricing.

For more information about Thomson Reuters Pricing Service, please visit: http://www.prdcommunity.com/index.php/solutions/valuation-services

Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to: http://thomsonreuters.com/

CONTACTS

Lemuel Brewster
Senior Public Relations Director, Financial & Risk
Office +1-646-223-5147
Mobile +1-917-805-1089
lemuel.brewster@thomsonreuters.com

Mark Harrop
Public Relations Manager, Financial & Risk
Office +1-646-223-7803
Mobile +1-347-803-5575
mark.harrop@thomsonreuters.com

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Thomson Reuters Corporation via Globenewswire

Source: Thomson Reuters