23rd January 2006
New York – Reuters (LSE: RTR.L, NASDAQ: RTRSY), the global information company, announced today the addition of a Public Equity Offering and IPO service to its Reuters DataScope Pricing & Reference Data Corporate Actions Service.
The PEO/IPO service is part of a series of important enhancements including additional global coverage for markets and companies, and expanded delivery options via an ISO 15022 compliant data feed.
Gary Barr, Business Owner for Reuters Pricing & Reference Data, said: "Reuters recognizes the increasing demand for accurate and timely corporate actions - to improve coverage, reduce costs, and automate back-office operations. Responding to our customers, we have committed to a significant investment in our Corporate Actions Service capabilities. This new service release heralds an exciting upgrade to our services."
Reuters is making its Public Equity Offering and IPO service available as an integral part of the Reuters DataScope Pricing & Reference Data Corporate Actions Service. The new service will provide announcements on Initial Public Offerings and Follow-ons, Direct Public Offerings, Private Investment in Public Equities, REITs (Closed-end and Open-end), Rights Issues (Non-Renounceable, Renounceable, Warrant issues), Placings and Introductions in over 43 markets globally.
As part of the enhancements programme Reuters coverage will be expanded in the coming months with the addition of 21 countries, focusing primarily on emerging markets.
Reuters ISO 15022 compliant feed was developed in consultation with SWIFT and with industry best practices in mind; the new ISO 15022 feed offers another delivery option in an effort to reduce integration costs for subscribers.