Press Release: Antitrust: Commission opens formal proceedings against Thomson Reuters concerning use of Reuters Instrument Codes

The European Commission opened formal anti-trust proceedings against Thomson Reuters, a Canadian news and financial data company, concerning a potential infringement of the EC Treaty's rules on abuse of a dominant market position (Article 82). The Commission will investigate Thomson Reuters' practices in the area of real-time market datafeeds, and in particular whether customers or competitors are prevented from translating Reuters Instrument Codes (RICs) to alternative identification codes of other datafeed suppliers (so-called 'mapping') to the detriment of competition.