Refinitiv
| Company type | Division |
|---|---|
| Industry | Financial technology |
| Predecessor | Refinitiv |
| Founded | 2018 |
| Founder | Thomson Reuters (as Refinitiv) |
| Headquarters | New York City , United States |
Area served | Worldwide (190 nations) |
Key people | David Craig (CEO) |
| Products | Financial market data, analytics, trading platforms, risk management tools (e.g. World-Check, FXall, Eikon, REDI, Datastream) |
| Owner | London Stock Exchange Group |
| Parent | London Stock Exchange Group |
LSEG Data & Analytics, previously known as Refinitiv, is an international supplier of financial market data and related infrastructure, functioning as a division within the London Stock Exchange Group (LSEG).
Established in 2018 as a subsidiary of Thomson Reuters, the company saw Thomson Reuters divest a 55% share to Blackstone Group LP in August 2018. Subsequently, in October 2019, LSEG announced its intention to purchase Refinitiv through a $27 billion all-stock transaction, finalized in January 2021, thereby integrating Refinitiv into LSEG’s operations.
The firm generates annual revenues reaching $6 billion and supports a client base exceeding 40,000 organizations across 190 nations.
History
Refinitiv emerged from the Financial & Risk division of Thomson Reuters. In October 2018, Thomson Reuters sold a majority 55% interest in this division to Blackstone, valuing the enterprise at around $20 billion. The financial and risk product lines were consolidated under Refinitiv, with the exception of Regulatory Intelligence, Risk Compliance Learning, and Data Privacy Advisory Services. David Craig, previously Group Strategy Director at Thomson Reuters and a former McKinsey & Company partner, was appointed CEO to oversee the transition.
In August 2019, LSEG declared its plan to acquire Refinitiv for $27 billion; regulatory clearance was obtained by January 2021.
In 2019, Refinitiv conducted an IPO for Tradeweb, retaining controlling interest. The company expanded its capabilities through acquisitions including SaaS provider Scivantage (March 2020), Advisor Software (July 2020), and the Red Flag Group (October 2020), enhancing its data analytics and compliance offerings.
LSEG further strengthened its portfolio by acquiring MayStreet in May 2022, improving services related to low-latency execution software and market data.
By August 2023, the Refinitiv brand was phased out in favor of the unified LSEG branding.
Censorship in China
Facing directives from Chinese authorities, Refinitiv removed over 200 Reuters articles regarding the 2019–20 Hong Kong protests from its Eikon platform accessible within mainland China. To comply with these requirements, the company implemented a "Strategic China filter" designed to suppress politically sensitive content in that jurisdiction.
Operations
Refinitiv offers an extensive suite of more than 130 fintech solutions encompassing data, analytics, trading platforms, and risk management tools. Key products include World-Check—a risk intelligence database aiding financial crime compliance; FXall; Eikon; REDI execution management system; Datastream for macroeconomic insights; Quantitative Analytics on the Cloud; AutoAudit; and the Elektron Data Platform. World-Check aggregates information from global watch lists, governmental sources, and media reports to support anti-money laundering efforts. Additionally, the company maintains a comprehensive database chronicling over one million mergers and acquisitions transactions over four decades, covering areas such as corporate finance deals, investment banking rankings, equity markets, debt instruments, IPOs, joint ventures, share repurchases, private equity activities, and municipal bonds.
Although Thomson Reuters retains a minority stake, it continues to provide Reuters news content to Refinitiv’s network of more than 400,000 users spanning upwards of 40,000 enterprises worldwide. This ecosystem is supported by over 13,000 registered developers.
Innovation is driven by Refinitiv Labs with teams located in London, New York, Singapore, and Cape Town (subject to some site consolidations), focusing on engineering excellence, user experience and design thinking methodologies, research initiatives, data science expertise, and leadership.
Refinitiv’s World-Check database includes records on Politically Exposed Persons (PEPs) and entities considered high-risk. The company is also an active participant in the Global Coalition to Fight Financial Crime.
See also
Additional prominent providers of financial information include:
References
- Articles with short description
- Articles with long short description
- London Stock Exchange Group
- Financial technology companies
- Thomson Reuters
- Financial services companies based in New York City
- Financial services companies established in 2018
- Companies based in Manhattan
- American companies established in 2018
- American subsidiaries of foreign companies
- 2018 establishments in New York City
- 2021 mergers and acquisitions
- Private equity portfolio companies