Thomson Reuters (NYSE:TRI) once again extends the functionality of its Eikon platform, responding to the demands of portfolio managers and analysts, according to a Thomson Reuters statement. It is one of the flagship products that allows the processing and aggregation of historical and real-time data.
The new additions enable access to key financial information through a single platform, with built-in search functions and applications for investments. Among the new products one can find I/B/E/S estimates, Reuters news, quant models, refreshed database, funds ratings, and more.
Putting all of these tools together in one piece of software allows users to create more connections between the data sets and to significantly increase work productivity. The platform is also connected with environmental, social and governance (ESG) measures databases, containing information about 5 thousand companies, offering a mechanism for exact investment scrutiny.
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According to Ranjit Tinaikar, managing director of Thomson Reuters in a recent statement on the launch: “Eikon is seeing unprecedented growth among the research, portfolio management and wealth advisory community. The growth is driven by making the full depth and breadth of TR content and analytics integrated into the Eikon workflow and visual experience. The addition of ESG to Eikon is another important milestone in Eikon’s evolution for buy-side users”.
“As the search for alpha becomes more competitive, these enhancements further reinforce our commitment to helping our clients find the insight to generate innovative investment ideas,” he added.
In December 2015, Finance Magnates announced that the company had launched the FX Monitor service for Eikon Messenger. The aim of the tool is to give corporate clients broader control through access to the financial services community, together with the data and analysis prepared by Reuters.