In a press release issued today, the European Commission announced that it has adopted a decision to implement commitments intended to remedy competition concerns relating to Reuters Instrument Codes (RICs). While details will have to be reviewed when the commitments themselves are published, we welcome the Commission’s efforts to promote competition and transparency in what has been a non-competitive market. As Thomson Reuters’ two prior proposals to the Commission fell far short, we hope that today’s order creates an open market, and that the appointment of an independent trustee ensures compliance.
FTSE Mondo Visione Exchanges Index:
Bloomberg: Company Statement On European Commission RICS Announcement
Date 20/12/2012