Thomson Reuters Launches Next-Generation Eikon Stock-Market Data Desktop In Nigeria

Thomson Reuters, the world’s leading supplier of intelligent information for businesses and professionals, today rolled out the latest version of its next-generation desktop product, Thomson Reuters Eikon, to financial professionals in Nigeria at a launch event held at The Nigerian Stock Exchange.

Nigeria has the second-largest stock exchange in Sub-Saharan Africa after South Africa and has more than 300 licensed stockbroking firms.  Thomson Reuters Eikon, which has already been well-received in a number of other African markets such as Kenya and Botswana, makes it easier and quicker for financial professionals in Nigeria to access historical and real-time market data on locally-listed companies.

Thomson Reuters Eikon realises the company’s bold innovation agenda to redefine how financial professionals work by placing the most comprehensive market information, news, analytics and trading tools available into a desktop as simple to use and collaborative as the Internet. The company has recently introduced advanced, web-style search techniques to the desktop to help customers find information and return complete answers, in graphical format, to questions posed using natural language text. Eikon is available via any device, including Blackberry and iPhone mobile devices, with a single sign-on to access information anywhere, anytime.

“The difficulty for our customers in African markets in general is getting relevant historical and real-time data relating to stocks. Research analysts and equities traders need vast amounts of information at their finger tips to be able to generate their reports and to make decisions on different stocks,” said Keith Nichols, Managing Director, Africa, Thomson Reuters. “Thomson Reuters Eikon delivers this data in a very intuitive way and therefore closes that gap for financial professionals. With the recent addition of advanced search, Eikon has done away with the need to remember instrument codes or navigate complex interfaces, thus creating a new benchmark in providing information across asset classes. And the messaging and publishing capabilities, the access to Thomson Reuters global community, really make Eikon unlike anything else available to financial markets professionals today.”

“The ease with which financial professionals can now find information using the new advanced search techniques in Eikon will expose our stock market to a wider pool of investors, which in turn will make the Nigerian market more transparent, liquid and central,” said Ade Bajomo, ED, Market Operations Technology, The Nigerian Stock Exchange (NSE). “We are pleased that Thomson Reuters continues to bring innovative solutions to our market, as we work towards our goal of becoming the gateway to African capital markets.”

Thomson Reuters Eikon is designed to provide an intuitive, next-generation solution for consuming real-time and historical data and executing financial markets transactions across asset classes such as foreign exchange (FX), fixed income, commodities, equities and derivatives. It realizes Thomson Reuters vision for a financial markets desktop that is intelligent, simple and social. Thomson Reuters Eikon combines real-time and historical data with news, charts, insightful commentary, analytics, trade execution tools and access to the global financial community through views that can be customized to individual user preferences and workflow.