EU Seeks Views on Thomson Reuters Bid to End Antitrust Probe
The European Commission said it’s seeking views on additional concessions offered by Thomson Reuters Corp. in a bid to settle an antitrust probe over its securities identification codes.
The Brussels-based commission published a summary of the concessions offer on its website, inviting public comment on it for the next four weeks. Should this so-called market test be successful, the commitments will be made binding.
The European Commission opened an investigation into the Thomson Reuters codes in 2009, saying customers may potentially be locked in to working with the company because replacing the codes required “a long and costly procedure” to rewrite or reconfigure software applications.
Thomson Reuters made the revised offer after an earlier attempt to end the case failed to satisfy EU demands to make it easier for customers to switch suppliers of market data.
Bloomberg LP, the parent of Bloomberg News, competes with Thomson Reuters in selling financial and legal information and trading systems.
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