OLD Media Moves

Regulators to accept Thomson Reuters concessions, end probe

December 10, 2012

Posted by Chris Roush

European Union antitrust regulators plan to accept revised proposals from Thomson Reuters to end an investigation into whether its control over its financial instrument codes was anti-competitive, Reuters is reporting on Monday.

Foo Yun Chee of Reuters writes, “The sources, who were not from inside Thomson Reuters, said the decision meant the news and information company would not be penalized and that the investigation would be dropped.

“The Commission had expressed concern that Thomson Reuters may have abused its dominant position in financial data by preventing customers from using its codes to get data from rivals and cross-reference them.

“The case is part of an effort by EU regulators to ensure that traders and other users can get access to financial data at reasonable rates and be able to switch to competing services.

“The coding case was opened in October 2009 and the company has offered various concessions since, with the latest round proposed in May. It is these concessions – including lower license fees for using the codes – that would now be accepted.”

Read more here.

Subscribe to TBN

Receive updates about new stories in the industry daily or weekly.

Subscribe to TBN

Receive updates about new stories in the industry.