Thomson Reuters Launches Eikon for Compliance Management

Thomson Reuters has announced the launch of Eikon for Compliance Management, a version of its desktop software dedicated specifically to the regulatory compliance function.

The platform will provide intelligence from over 230 exchanges and regulators globally. Add-on components for surveillance, education and other areas are also available. The product has been launched following a Thomson Reuters survey, which showed just one third of front-office respondents were aware of their compliance-related obligations, and only half had received training in the past three months.

"If the financial crisis has taught us anything it's that the culture of compliance needs to be embedded right at the trader's workstation," says David Craig, president of Financial & Risk at Thomson Reuters. "The effective flow of regulatory information to the trading floor helps protect firms from the risk of sanction and enforcement and helps demonstrate to the regulatory authorities that compliance is front of mind across the organisation. Enabling this through the core trading workstation and in the context of the financial market in an intelligent way, makes it easier, simpler, and reduces resistance to compliance."