Thomson Reuters’ Financial & Risk business has been renamed Refinitiv, following the end of its partnership with private equity firm Blackstone.
The new name is based on customer feedback and advice from industry influencers on the intrinsic value of the Financial & Risk business, according to Thomson Reuters. The name aims to blend definitive action in financial markets and a focus on the future. The brand will launch later this year, and continue with its current name until then.
The Financial & Risk business of Thomson Reuters is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 150 countries.
Celebrating pride and legacy
As a standalone company, it will continue to focus on providing leading data and insights, trading platforms, market data infrastructure, and open technology platforms that support the global financial markets community.
Thomson Reuters Financial & Risk’s flagship platforms, Eikon and Elektron Data Platform, will continue to be central to Refinitiv’s open platform strategy, with over 20,000 developers using its open APIs to create an ecosystem of over 50,000 customer and partner applications.
David Craig, president Thomson Reuters Financial & Risk and future CEO of Refinitiv, said: “Thomson Reuters Financial & Risk has a rich history and reputation and it was important to us that our new name celebrated both our pride in our legacy and also the defining role we will continue to play as an integral and innovative part of the financial markets community.”
