Thomson Reuters has announced that it has signed a three-year deal with the European Central Bank (ECB) to roll out Thomson Reuters Eikon desktops across the ECB and 18 participating national central banks. 
It is so far the largest market data purchasing initiative managed by the Eurosystem Procurement Co-ordination Office (EPCO) which has a role to foster the participation of the ECB and the national central banks in joint procurement actions.
Thomson Reuters Eikon is designed to provide a powerful and intuitive next-generation solution for consuming real-time and historical data, connecting with the financial markets community and executing financial markets transactions across asset classes such as foreign exchange (FX), fixed income, commodities, equities and derivatives.
It realises Thomson Reuters vision for a financial markets desktop that is intelligent, simple and social. Driven by powerful search engine technology, Eikon carries realtime data, news, charts, insightful commentary, analytics and trade execution tools through views that can be customised to individual user preferences and workflow.
“Thomson Reuters is incredibly proud to form this long-term partnership with the European Central Bank in order to roll-out Eikon desktops across many of Europe’s central banks,” says Peter Moss, MD of Trading, Thomson Reuters.
“We are getting great feedback from our customers regarding usability and performance in Eikon as well as excitement around innovations we are making in areas such as search and visualisation. Our customers recognise how simple we have made it to navigate and analyse the unrivalled depth of content we have which alongside key social tools and advanced analytics makes for a very powerful one-stop solution.
“The European Central Bank is always looking for ways to improve access to market information, encourage collaboration and increase cost efficiencies for its members.
“We appreciate Thomson Reuters Eikon as a powerful financial markets desktop that makes it easy for our users to find and analyse the information they need and connect with their peers, both at their desk and through mobile devices,” says Mora Golding from the European Central Banks’ market data management.
The 18 participating national central banks are Nationale Bank Van Belgie, Deutsche Bundesbank, Central Bank of Ireland, Bank of Greece, Banco de España, Banque de France, Banca d’Italia, Central Bank of Cyprus, Banque centrale du Luxembourg, Magyar Nemzeti Bank, Central Bank of Malta, De Nederlandsche Bank, Oesterreichische Nationalbank, Banco de Portugal, Banka Slovenije, Narodna Banka Slovenska, National Bank of Romania and Suomen Pankki-Finlands Bank.