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Image header Agence Europe
Europe Daily Bulletin No. 10016
Contents Publication in full By article 16 / 30
GENERAL NEWS / (eu) eu/anti-trust

Formal procedure against Thomson Reuters on financial instrument codes

Brussels, 10/11/2009 (Agence Europe) - On Tuesday 10 November, the European Commission opened a formal procedure against the Canadian news and financial data company, Thomson Reuters. The latter is suspected of preventing its clients and competitors from translating Reuters Instrument Codes (RICs) to alternative identification codes, which could prove to be an illegal obstacle to free competition.

RICs are short, alphanumerical codes that identify securities (stock shares, etc.) and their...

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