Reuters Integrates Telerate Content

Reuters has almost completed the integration of key Telerate content into its own products and is now working with individual clients on migration strategies, officials say.

Last week, the vendor outlined the new Reuters content packages that include Telerate data. These are Reuters Capital Markets Premium, which includes Telerate's benchmarks pages and the Telerate 500 US treasury benchmark series sourced from Icap; Reuters Capital Markets, which includes the more than 50 fixing rates that were formerly calculated by Telerate; Reuters Capital Markets 19901, which is the new version of page 19901 on Telerate for US dollar interest rate swaps pricing; and Reuters Telerate Energy, which includes benchmark pages and commodity index data from Telerate.

The data will be available over Reuters 3000 Xtra, Reuters Trader and Reuters Station, as well as via Reuters' datafeeds. The energy data is also available on other services, such as Reuters Trader for Commodities, a spokesperson says.

However, Reuters has not integrated its own content into the Telerate products, and it has no plans to do so. This is apparently to give Telerate users an incentive to migrate to Reuters products. "[Clients] will have more capabilities and content [on the Reuters products] than if they stayed with the Telerate products," says Glenn Wright, vice president of Reuters Fixed Income in the Americas.

Reuters declines to comment on whether this signals—as many suspect—that Reuters will seek to phase out the Teleate products. "The product roadmap is being carefully looked at and consulted on with clients—we're not going to say either way," a spokesperson says. "But we have been very rigorous with our own product lines, and any acquisition has to go through the same process."

Reuters was able to make a large portion of the Telerate data available immediately because "there was a lot of common infrastructure and a common front-end," Wright says