Thomson Reuters Launches Industry’s First Real-Time Global Estimate Revision Feed
17 November 2008
Thomson Reuters has launched Reuters Estimates Delta, the industry’s first real-time global estimate revision feed which immediately notifies entitled clients when brokers update their earnings estimates. Brokers’ earnings estimates provide significant insight into market expectations and can have market-moving implications when revised. With Reuters Estimates Delta, users can react before the market has priced an earnings revision in the news, giving them a competitive edge in their search for Alpha.
On average, over 50,000 changes are made during a 24-hour period, with over 100,000 in peak periods. Reuters Estimates Delta sends immediate notification of a broker’s revision, giving appropriately entitled users a crucial advantage in exploiting new opportunities.
Previously, earnings revisions via datafeed were only available on a delayed basis, but through Reuters Estimates Delta, clients now have the most accurate information available to the market at any point in time.
Suzanne Wordock, Director, Referential Feed Solutions at Thomson Reuters, said: “Created in direct response to client demand, Reuters Estimates Delta provides access to the first real-time, global estimates notification service. By providing premium-quality, global and immediate updates, Reuters Estimates Delta will soon be regarded as a prerequisite for clients to stay ahead of their rivals.”
The Reuters Estimates Delta service is available through Reuters Knowledge Direct and can be integrated into clients’ quantitative models.