ECB adopts Thomson Reuters Eikon
The ECB will use Thomson Reuters Eikon to improve its access to information
The European Central Bank has signed a deal together with the central banks of 18 countries to adopt Thomson Reuters’ Eikon desktop for trading and market data.
Eikon is a market data tool that can also be used to execute trades in FX, fixed income, commodities, equities and derivatives. The technology carries real-time data, news, charts, commentary, analytics and trade execution tools through views that can be customised according to user preferences.
The European Central Bank is the central bank for the euro and sets the monetary policy of the EU member states that use the single currency. The capital stock of the bank is owned by the central banks of all EU member states. Based in Frankfurt, Germany, the ECB is currently headed by Mario Draghi, former governor of the Bank of Italy.
The 18 participating national central banks represent Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Hungary, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia, Romania and Finland.
The deal marks the largest market data purchasing initiative managed by the Eurosystem Procurement Coordination Office, which has a role to support the ECB and national central banks in joint procurement.
“The European Central Bank is always looking for ways to improve access to market information, encourage collaboration and increase cost efficiencies for its members,” said Mora Golding from the European Central Bank’s market data management team. “We appreciate that Thomson Reuters Eikon 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.”
