|Fate||Merger with Reuters Group plc|
Thomson Financial was an arm of The Thomson Corporation, which was one of the world's leading information companies, focused on providing integrated information solutions to business and professional customers. When The Thomson Corporation merged with Reuters to form Thomson Reuters in April 2008, Thomson Financial was merged with the business of Reuters to form the Markets Division of Thomson Reuters.
Thomson Financial made significant growth when it acquired another financial information provider Primark on June 6, 2000, for $842 million in an all-cash deal. Primark owned many names familiar in both the U.S. and UK/Europe such as Datastream, ICV[disambiguation needed], and IBES. The acquisition consolidated and combined competing financial information provision, for example the FirstCall and IBES earnings estimate data, under the same company.
On 17 April 2008 The Thomson Corporation merged with Reuters and created the new company Thomson Reuters. Thomson Financial and Reuters combined their businesses into the Markets Division: Sales & Trading, Enterprise, Investment & Advisory, and Media. The other Thomson operations were combined into the Professional Division: Legal, Healthcare & Science, and Tax & Accounting.
Major office locations
Thomson Financial had many offices across the US, Europe, and Asia Pacific regions. The head office was based in Boston (1987-2008) and New York (joint with Boston), with significant presence in San Francisco, London, Frankfurt, Bangalore, Manila, and many satellite offices in locations such as Sydney, Hong Kong, Tokyo, Zurich, Geneva, just as some examples. The two major data centers, not including smaller points of presence, for Thomson Financial were located in NYC and New Jersey.
In June 2007, Thomson Financial agreed to buy seven Asia-Pacific news bureaus from Xinhua Finance. The bureaus purchased were in Tokyo, Manila, Jakarta, Kuala Lumpur, Singapore, Sydney and Seoul. Xinhua Finance stated they would retain their operations in Beijing, Shanghai, Hong Kong and Taipei. Financial terms were not disclosed.
The company had a wide variety of financial products. Thomson ONE is a core product, although legacy branded offerings such as Datastream Advance and Global Topic will probably remain for a few years.[year missing] Thomson ONE was a competitor of Bloomberg L.P., Capital IQ and FactSet Research Systems. There were different packages of Thomson ONE, i.e., Thomson ONE for Investment Management, Thomson ONE for Investment Banking, etc. Due to the acquisition of Primark (not the clothing retailer) and buyout of ILX Systems, Thomson Financial had seen growth over the last four years[year missing] and had seen improvement in the core product Thomson ONE. Thomson ONE now has innovative features fully integrated, like Reuters Insider, cutting edge financial videos right from within the desktop.
Thomson Financial transaction platforms are ubiquitous in financial markets world-wide and included Thomson AutEx trade order indications and executions, Thomson PORTIA automated portfolio management system, Thomson TradeWeb on-line trading network for fixed-income securities, and Thomson BETA Systems for securities data and brokerage processing systems.
2004 Global Pensions Awards
"Software Provider of the Year" (by way of nominations from over a thousand managers of pension funds then a panel of independent judges)
Inside Market Data 2003 awards
- "Product Development of the Year", for its Thomson ONE product.
- "Company to Watch".
Investor Relations Magazine
- Its clients won 20 out of 30 awards.
- Thomson Financial League Tables
- Institutional Brokers' Estimate System
- National Venture Capital Association
- "Thomson buys non-China bureaus of Xinhua Finance". Reuters. 2007-06-01.