Waters Rankings 2015: Best Corporate Actions Solution Provider ─ Thomson Reuters

Thomson Reuters and its DataScope for Corporate Actions solution have proven that last year's win, which broke the Depository Trust & Clearing Corporation's streak of three straight wins in the corporate actions solution category, was no fluke. Waters' readers have picked Thomson Reuters for the second consecutive year.

What set the New York-based financial services giant apart from other corporate actions solution providers this year is its combination of a massive amount of content and its team of experts able to support clients using DataScope, according to Marion Leslie, managing director of pricing and reference services at Thomson Reuters. DataScope includes information on over 94,000 firms from more than 93 countries that are listed on more than 200 exchanges.

"DataScope, our strategic platform for non-streaming content, allows us to leverage the wide range of high-quality content from across Thomson Reuters," Leslie says. "This win reflects the importance we place on reference data as a fundamental building block of the financial services industry."

This year there were several upgrades made to DataScope. An implementation of 15-minute updates took place, allowing customers the opportunity to continually access reference data. Lipper fund data, a critical component of Solvency II compliance, and StarMine credit risk models were also included.

Key fields surrounding certain regulatory obligations, like instruments affected by Russian sanctions and fields required for portfolio compliance or Mifid eligibility flags, were also part of the upgrades made over the past year. That's in addition to expanding Thomson Reuters' already wide-ranging content sets.

This year, DataScope increased indices coverage, new exchanges, credit curves, short-term debt and Latin American debt coverage, and it expanded and improved major equity shareholding regulatory compliance coverage.

As Thomson Reuters looks ahead, Leslie says the product roadmap for DataScope will be dictated by its customers' needs.

"We will continue to keep DataScope in step with changes in the market, reflecting our customers' evolving data requirements, and we will continue to focus on ensuring that we support the drive for improved risk management as well as regulatory compliance," Leslie says.