New York – Reuters (NASDAQ: RTRSY, LSE: RTR), the global information company, will offer its fixed income customers enhanced US municipal bond data through an agreement with Mergent Inc, a leading provider of global corporate and financial information and a part of Xinhua Finance Group (TSE Mothers:9399). This announcement signals another step forward for Reuters wider fixed income market ambitions, and supports its US plans specifically.

Under the agreement, Reuters Station, Reuters Trader and Reuters 3000Xtra end users within the institutional sales & trading or asset management financial services segments will have access to Mergent’s BondSourceTM Municipal Bond Securities Data. BondSource is a complete database of over 1,400,000 security descriptions from more than 70,000 distinct issuers of US state and local tax-exempt debt including key material events.

This US bond data enhancement follows an extensive Q/A program completed by Reuters, Mergent and Morgan Stanley, the US-based investment bank. With the addition of Mergent’s Municipal Bond Securities Data, Reuters customers will have access to a broad set of municipal information featuring Reuters editorial expertise in the US tax-exempt market with reporters covering the latest bond sales, political events and general news affecting the municipal markets. Reuters news is supplemented by i-Deal’s municipal syndicate wire of competitive, negotiated and note pre-sales, sales and calendars. Pre-trade price discovery and compliance workflows access the real-time trade reporting from MSRB’s secondary market price transparency data and Municipal Market Advisor’s Consensus, the most consistent benchmark for daily municipal yield change.

Glenn Wright, Reuters Business Manager for Fixed Income in the Americas, said: "Mergent’s professionalism and focus on quality has convinced us that we now can offer our clients a cost effective and timely source of comprehensive US tax-exempt reference data to institutional and retail professionals in this market."

Jonathan Worrall, Mergent’s CEO, said: "Mergent is delighted to have worked closely with Reuters to bring this new innovative solution for fixed income data to their customers based upon more than a hundred years of data collection and analysis. The market has been demanding a new approach to meet this data requirement which Reuters will more than satisfy with this product launch."

Mergent’s BondSource data is targeted to be available on selected Reuters desktops this summer. Customers can request a 30-day free trial through their account managers.

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