Daily Telegraph: Thomson Reuters probe at 'critical' stage

09 March 2012

The European Commission has warned Thomson Reuters that its investigation into whether the company has engaged in anti-competitive behaviour in the supply of data to financial markets has reached a "critical stage".

Highlighting Brussels’ "concerns" over whether the data provider "restricted" the usage of its identification codes that are deployed to identify financial securities in the data feeds it sells to clients, Almunia said that such a practice would have limited "the ability of its customers to switch to competing data providers".

European regulators opened an investigation in 2009 to examine whether Thomson Reuters had placed excessive restrictions on access to codes that it uses to identify shares, bond and other financial securities in the data feeds it sells to traders and investors.

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