Thomson Reuters (NYSE:TRI) has integrated the product suite of Zawya Financial into its Eikon solutions suite, the group’s marquee platform, according to a Thomson Reuters statement.
The Eikon solution is one of Thomson Reuters’ flagship products that helps aggregate and process real-time and historical data, which collectively enable financial markets transactions and connectivity with the financial markets community.
As a result of the assimilation, Thomson Reuters Eikon will now be offering heightened levels of insight to myriad financial professionals and entities whose focus is relegated to the Middle East and North Africa (MENA) region.
The move is important for investors who have continued to see a steadfast interest and advancement of many Middle Eastern economies – many regional and venues are finding a greater need to gain access to high quality content and data about markets. Users will also be granted access to the MENA private market landscape with detailed analyses and insights on more than 25,000 MENA private companies engaging in private equity funds and deals, mergers and acquisitions (M&A), bonds, funds, and IPO activity.
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Furthermore, per the the Zawya integration, existing and new Eikon users will also see access to a comprehensive coverage of the majority of Islamic markets operating worldwide, including a database of companies working in the Islamic finance realm, complete with a database of shariah scholars – current users of Zawya Financial Products will be upgraded to Thomson Reuters Eikon.
According to Nadim Najjar, Thomson Reuters’ Managing Director, Middle East and North Africa (MENA), in a recent statement on the integration, “We’ve long offered deep and broad coverage of MENA markets across a wide spectrum of content sets and data types.”
“With the integration of Zawya Financial Products into Eikon, we’re empowering both local and international users with new insight into the region, covering a much broader spectrum of non-listed companies. This demonstrates our commitment to connecting and enabling the local and international financial community with leading edge information and tools, helping them find the right business opportunities across the MENA region,” he added.
The news comes just one week after Thomson Reuters revamped its existing Eikon dashboard to help cater towards buy-side equities traders. The new alterations to the solution encapsulated the needs of equities traders, tapped the Buy-Side Optimized Workflow (BOW) – the new product integrates a number of functions and Eikon capabilities into a unified interface that will aim to help buy-side traders facilitate trades in the equities market.