Thomson Reuters limits 2010 price increases
Friday 18 December 2009
Thomson Reuters will increase the price of most of its data products by three per cent instead of 4.75 per cent in 2010, reflecting tighter budgets for market data, a senior company executive said.
“An annual Thomson Reuters price adjustment is part of our standard operating procedure and is well understood and anticipated by our customers,” said Simon Lee, global head of commercial operations.
Thomson Reuters raised its prices by 4.75 per cent in 2009. The former Thomson and Reuters groups separately hiked their prices by four per cent in 2008.
The three per cent increase for 2010 will be imposed on all datafeeds related to market data, such as Reuters 3000Xtra, Thomson One Investment Management, Thomson One.com Investment Banking and Thomson ONE Wealth Management. Reuters Dealing, the foreign exchange trade platform, will not be increased because it was already “appropriately priced”, Lee said.
The decision to minimise any price increases for datafeed products was communicated to customers in October and did not reflect any concerns about competition, Lee said. ■
- Securities Industry News