LONDON, January 17, 2023 – LSEG (London Stock Exchange Group) and Thomson Reuters have announced a multi-faceted expansion of their long-term partnership, sharing a number of joint commitments to enhance the value of financial and market news services to LSEG customers.
The new and enhanced commitments include:
- Investment in 100 editorial roles across Reuters global newsroom with focus on financial and markets coverage
- A significant expansion of Reuters India financial file and China equities coverage
- The previously announced acquisition and ongoing integration of PLX AI – a real-time financial news service powered by artificial intelligence – into Reuters newsroom, available exclusively through LSEG services
- Agreement on a path forward for Reuters to launch consumer-facing subscription products, supporting both parties’ engagement with global professionals
“At Thomson Reuters we are committed to investing in world leading journalism and talent, taking our partnership with LSEG to the next level will help us to continue to do just that,” said Steve Hasker, CEO, Thomson Reuters. “Our new range of commitments will boost both organizations, delivering an even more valuable news file to LSEG’s customers and a superior experience to professionals around the world.”
David Schwimmer, CEO LSEG said: “We are delighted to have expanded our long-standing strategic partnership with Thomson Reuters. This collaboration will broaden our news offering, enhancing the speed and analysis of breaking news, and increasing the value of services provided to LSEG customers.”
LSEG is the exclusive distributor of Reuters news to the financial community under a 30-year news agreement that commenced in 2018.
NOTES TO EDITORS
Further details on the commitments:
A significant co-investment in financial and markets coverage
Reuters and LSEG’s financial news file is being boosted by the creation of new editorial roles in Reuters global newsroom. The co-investment in financial journalism extends and deepens coverage in