EU Opens Antitrust Probe Of Reuters Data Feeds

Law360, New York (November 10, 2009, 2:41 PM EST) -- The European Commission has opened formal antitrust proceedings against the news and financial data giant Thomson Reuters concerning a potential infringement of EC Treaty rules on abuse of a dominant market position related to the company's real-time market data feeds.

The EC will investigate in particular whether customers or competitors are prevented from translating Reuters Instrument Codes to alternative identification codes of other data feed suppliers — known as “mapping” — to the detriment of competition, the EU regulator said Tuesday.

RICs are short alphanumerical codes...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.