NEW YORK - Reuters (NASDAQ: RTRSY), the global information company, has licensed Reuters Instrument Codes (RICs), enabling financial institutions to use the same codes throughout the entire trading process. Using RICs, the codes traders and fund managers use to identify a financial instrument or company, in this way aims to reduce financial institutions'costs and risks by improving the rate of successful settled trades.

The licensing of RICs comes in response to requests from Reuters customers.
It also addresses wider industry moves to improve data management. There are
currently a plethora of different codes and symbols used to identify financial data. Industry groups have highlighted that these are hindering banks' ability to achieve Straight Through Processing (STP) and leading to increased costs and failed trades.

Reuters is addressing these issues by providing a common way to identify and
manage data throughout the entire trade process allowing the front office code to be used all of the way through to the settlement of a trade. This will make it easier for financial organizations to cross reference to different industry codes, such as ISIN.

Kevin Bradshaw, Global Director Enterprise Information Products, Reuters,
said: "Managing data on a global scale is at the heart of Reuters business
and the financial services industry relies upon RICs as a key way to identify and track the instruments they trade. Extending the use of these codes across the entire trade process, from front office through to settlement, provides a powerful solution to the industry-wide problems of failed trades and high costs resulting from inconsistent and inaccurate data."

The Reuters Instrument Code is used within Reuters products. It is one of the few established global codes that enable an instrument to be identified at exchange level, thus providing a one to one match for all financial instruments. The license will initially cover the use of the RICs for all
global exchange listed equities, as this is the area that financial institutions have highlighted to be the most problematic.

The licensing service forms part of Reuters Enterprise Information Products.
This includes Reuters Datascope, which provides highly accurate complete and
timely end of day and historical pricing data, cross reference data, terms
and conditions, and corporate action information across all Global asset classes.

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