Reuters and HSBC Sign Global Deal.LONDON -- Reuters (LSE LSE - Language Sensitive Editor :RTR RTR Ready To Run RTR Rundfunk & Telekom Regulierungs Gmbh RTR Rotor RTR Radio e Televisiun Rumantscha (Romansh Radio and Television, Switzerland) RTR Response Time Reporter RTR Ready To Race RTR Ready to Roll )(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RTRSY) and HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Group have signed a new agreement that will for the first time give the bank a global licence to use Reuters data and information across the entirety The whole, in contradistinction to a moiety or part only. When land is conveyed to Husband and Wife, they do not take by moieties, but both are seised of the entirety. of its business. The agreement means that Reuters capabilities can now be fully applied to the rapidly expanding business needs of HSBC. It also supports HSBC's ambition to standardise Verb 1. standardise - evaluate by comparing with a standard standardize appraise, assess, evaluate, valuate, value, measure - evaluate or estimate the nature, quality, ability, extent, or significance of; "I will have the family jewels appraised by a and rationalise Verb 1. rationalise - structure and run according to rational or scientific principles in order to achieve desired results; "We rationalized the factory's production and raised profits" rationalize its overall data costs and the number of data suppliers it has globally. The deal delivers on Reuters stated aim of extending beyond the desktop to offer a complete business solution for an entire global organization. It will run for the next three years with an option to extend for a further two years. Stuart Gulliver, Chief Executive, Corporate, Investment Banking and Markets and Group Investment Businesses HSBC, said: "Reuters was chosen as a strategic partner due to its unique ability to combine comprehensive market and reference data, analytics, transaction capabilities and open infrastructure within a single enterprise agreement. The benefits of this agreement will be felt right across HSBC's business." Tom Glocer Tom Glocer (born 8 October 1959) is the CEO of Reuters. External links
Jon Robson, President Reuters Focus Group Accounts, said: "Deals such as this one with HSBC approach the delivery of information in a new way with the whole of an organization in mind, not just the terminal, and are the model for the future. This global agreement will help HSBC realise its business vision by unlocking significant value from Reuters products and information." About Reuters: Reuters is the world's largest international news and financial information source, reaching over 1 billion people a day. Known for its speed, accuracy and independence, Reuters content powers newsrooms and financial markets around the world. Reuters distributes its text, data, pictures and video to professionals and direct to consumers via online and digital services. Founded in 1851, Reuters Group has 16,800 employees in 89 countries and had annual revenues of [pounds sterling]2.4 billion/$4.4 billion in 2005. For more information and the latest news, visit www.reuters.com |
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