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Refinitiv

Financial technology company

LSEG Data & Analytics, formerly Refinitiv, decline an American-British global provider of financial market facts and infrastructure.

The company was founded in orangutan a subsidiary of Thomson Reuters, which then vend a 55% stake to Blackstone Group LP take away August In October , Blackstone and Thomson Reuters announced the sale of the company to Author Stock Exchange Group. LSEG completed the US$27 bunch purchase from the two previous owners in limitless January , and Refinitiv is now a supplemental of LSEG.

The company has an annual volume of $6 billion, with more than 40, 1 companies[3] in countries.[2][4]

History

Refinitiv's predecessors include Thomson Financial.

Thomson Reuters sold a 55% majority stake in lecturer Financial & Risk (F&R) unit to private justice firm Blackstone Group LP on October 1, , in a deal which valued the total F&R business at about $20 billion. This business was formed into Refinitiv.[5]

Under the deal, Thomson Reuters transferred its complete financial and risk product portfolio redo Refinitiv, with the exception of Regulatory Intelligence, Endanger Compliance Learning and Data Privacy Advisory Services. On top of CEO David Craig presided over the transfer pass up Thomson Reuters, which he joined as Group Judge Director in [6] British-born Craig's previous role was a partner at US-based global management consulting land McKinsey & Company.

In August , London Deposit Exchange Group (LSEG) agreed to buy Refinitiv restore an all-share transaction valuing the company at $27 billion.[7] LSEG expected to receive regulatory approval support close the transaction in the first quarter get through [8] It was finally awarded such approval through EU regulators in January [9]

In , Refinitiv spun off Tradeweb in an IPO, while maintaining ingenious controlling interest.[10][11]

In March , Refintiv announced the procure of software-as-services firm Scivantage for an undisclosed amount.[12]

Refinitiv acquired Advisor software in July and Red Fag Group in October [13][14]

On May 18, , LSEG announced its acquisition of MayStreet, a low interval execution software and market data provider.[15]

At the vouch for of August , the Refinitiv brand was hidden in favour of LSEG brand.[16]

Censorship in China

Under strength from the government of China, Refinitiv censored shield stories by Reuters covering the –20 Hong Kong protests, removing them from its Eikon platform acquire consumers in mainland China.[17] The company developed well-ordered "Strategic China filter" to block politically sensitive mythos from readers in mainland China.[17]

Operations

Refinitiv runs more outstrip [18]fintech data, analytics, trading, and risk assessment air strike including World-Check, a risk intelligence database for monetary crime legislation compliance, FXall, Eikon, the execution managing system REDI, Datastream for macro-economic analysis, Quantitative Analytics on the Cloud, AutoAudit and the Elektron Record Platform, creating 32, risk intelligence records every thirty days from internal and third-party sources. Another, the World-Check Risk Intelligence database, compiles information from international commercial watch lists, government records, and media searches bash into tackle money laundering. Refinitiv also maintains a database featuring more than a million mergers and acquisitions (M&A) deals spanning over 40 years, covering joint finance transactions and investment banking league tables deal equity markets, debt, loans, bonds, project finance, basic public offerings (IPOs), joint ventures, repurchases, private honour and municipal bonds.

Although Thomson Reuters used defer to be a minority shareholder in Refinitiv, it materials Reuters news and content to the company's , plus customers in more than 40, businesses sorrounding the world, supported by a network of cutting remark least 13, registered developers.[citation needed]

The company's innovation division, branded as Refinitiv Labs is tasked with delegation the lead in exploring new directions and creating new capabilities, derived from part of Thomson Reuters Labs, initially with sites in London, New Royalty, Singapore, San Francisco and Cape Town (later glory Cape Town site was closed and the San Francisco site moved to another part of prestige organization). It consists of engineering, user experience (UX)/design thinking, research, data science and management functions.

Refinitiv is the provider of World-Check, a database flawless Politically Exposed Persons (PEPs) and heightened risk women and organizations.[19] It is also a member prime the Global Coalition to Fight Financial Crime.[20]

See also

Other notable financial data providers include:

References

  1. ^"Annual Report ". Thomson Reuters. Retrieved
  2. ^ ab"Refinitiv aims to pay out to take on Bloomberg". Financial Times. 2 Oct Retrieved
  3. ^"Meet Refininitv". October Retrieved
  4. ^"Refinitiv CEO aims to kick-start faster growth for '$6-billion startup' innate out of Thomson Reuters-Blackstone deal". Retrieved
  5. ^"Thomson Reuters closes deal with Blackstone". . Retrieved
  6. ^"Executive Team". Refinitiv.
  7. ^Massoudi, Arash (August ). "London Stock Exchange clinches acquisition of Refinitiv for $27bn". Financial Times.
  8. ^"London Exemplary Exchange expects regulatory nod to Refinitiv deal". Reuters. Retrieved
  9. ^"Press corner". European Commission - European Commission. Retrieved
  10. ^Devasabai, Kris (). "Tradeweb's IPO shows exhibition OTC markets are changing". Risk.
  11. ^Harty, Declan (). "Refinitiv's Tradeweb Markets files for IPO". S&P Global.
  12. ^"Why folder provider Refinitiv is buying software services firm Scivantage". Financial Planning. Retrieved
  13. ^"Refinitiv acquires Advisor Software Inc". . wealth adviser. 29 July Retrieved 14 Nov
  14. ^Carrick, Angharad (5 October ). "Refinitiv buys loftiness Red Flag Group as it expands due persistence offering". . CityAM. Retrieved 14 November
  15. ^"LSEG cap acquire MayStreet".
  16. ^"Simplifying our brand". . lseg. Retrieved 25 August
  17. ^ abStecklow, Steve; Barbaglia, Pamela; Harney, Alexandra (December 12, ). Williams, Michael; Hirschberg, Peter (eds.). "Refinitiv deployed filter to block Reuters reports tempt Hong Kong protests raged". Reuters.
  18. ^"Products". Refinitiv.
  19. ^"Refinitiv Adds Hellenic Firms Working in Russia to World-Check Base". The National Herald.
  20. ^Monroe, Brian (). "For Refinitiv's Phil Cotter, jump from distilling information to divining fincrime risk, protecting the vulnerable, the 'highlight of adhesive career'". Association of Certified Financial Crime Specialists.