Waters Rankings 2016: Best Corporate Actions Solution Provider — Thomson Reuters

Natalie O’Connell, Tim Kurkjian, and Todd Watkins

A dynasty has begun to form in the corporate actions solution provider category at the Waters Rankings as Thomson Reuters with its DataScope for Corporate Actions solution has won the category for the third year in a row. Phil Cole, global head of proposition management and pricing and regulatory services at Thomson Reuters, says DataScope for Corporate Actions is a complete solution that supports multiple processing functions across the enterprise.

“We capture events as soon as they are announced in the market, delivering customers the data they need to act quickly and confidently. Thomson Reuters content covers ISO, non-ISO formats and extensive historical corporate actions data, allowing clients to manage their data efficiently through a single source,” Cole says. “With a variety of packages and delivery platforms on offer, customers can integrate the data they need in a way that works for their business.”

Extensive coverage is obviously an important aspect of any corporate actions platform, and DataScope is a cut above the rest with over 94,000 companies from more than 98 countries listed on over 200 exchanges. With so much data to consume and manage, some platforms might struggle to organize it in a digestible way. But the New York-based firm has it covered, as there are dedicated teams with local market and language expertise who collect, analyze and verify data, Cole says. Multiple sources are also brought together to create one record. And while data is consolidated into a single record, it is delivered in a variety of packages and delivery platforms, according to Cole.  

Breadth and speed of coverage, and clean and flexible delivery are all major components of a corporate actions solution. However, all of those are useless without quality assurance of the data. Cole says quality control and assurance are built into DataScope’s data collection process. Data is verified on an event-by-event basis, he says. 

Enhancements will continue over the next 12 months, according to Cole, whether it’s through an increase in coverage or more flexible features. “We will increase our event coverage, with a particular focus on fixed income and funds,” Cole says. “In addition, we will continue to build on our world-renowned equities corporate actions by increasing market coverage in developing markets, as well as expanding event set coverage and creating more flexible features in our DataScope product suite.” 



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