Thomson Reuters Fills Data Gap for China's Credit Market with Exclusive Content for Chinese Non-listed Entities on Thomson Reuters Eikon
(Thomson Reuters ONE) -
Thomson Reuters adds StarMine default probabilities content for Chinese non-
listed entities on its flagship financial markets desktop Eikon to meet the
needs of local clients in China
London, Beijing, 25 March - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, today announced it has
launched StarMine Default Probabilities (DPs), to include exclusive default
probabilities content for Chinese non-listed entities, on its flagship financial
markets desktop, Thomson Reuters Eikon. This move has filled the gap in China's
credit market for non-listed entities. Now financial professionals can better
calculate credit risks for non-listed entities and make better investment
decisions.
Thomson Reuters data shows that the volume of credit bond issuance in mainland
China has reached approximately CNY 3,800 billion (US$ 612 bn), among which more
than 50% was issued by non-listed entities. The StarMine Structural Credit Risk
(SCR) Model requires a stock price as an input, and therefore is not available
for non-listed entities. With the unique Thomson Reuters Smart Ratios (SMCR)
model relying on key financial ratios rather than a stock price, this allows
StarMine to be able to calculate DPs and implied ratings for non-listed entities
where company fundamental reports are available, to help evaluate the target
companies.
StarMine DPs are now available for over 870 China non-listed entities with some
company histories dating back to 2001. StarMine DP coverage for China has now
increased by a third to nearly 3500 issuers. Clients can gain access to implied
ratings for almost 3500 entities and evaluate non-listed entities default
probabilities.
StarMine Default Probabilities currently offers non-listed entities data only
for the China market, which reflects Thomson Reuters focus on China and its
financial markets. Listed entities data is available for all the other markets.
"Thomson Reuters has a long history and rich experience in the financial markets
both globally and in China," said Massimo Di Gregorio, Managing Director,
Thomson Reuters China, "We're proud to provide China and global financial
professionals with key news and information, advanced analytics tools and access
to global communities via an easy-to-use one-stop financial markets desktop."
In June 2012, the Chinese version Thomson Reuters Eikon launched to meet the
needs of China's rapidly developing financial marketplace. Thomson Reuters Eikon
is being used and has received positive client feedback by key global and
domestic financial institutions, including the European Central Bank and dozens
of national central banks.
Thomson Reuters Eikon is designed to provide a powerful and intuitive next-
generation solution for consuming real-time and historical data, connecting with
the financial markets community 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. Driven by powerful
search engine technology, Eikon carries real-time data, news, charts, insightful
commentary, analytics and trade execution tools through views that can be
customized to individual user preferences and workflow. Based on open standards,
it is powered by Thomson Reuters Elektron, the Company's low latency data and
trading infrastructure.
-End-
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and science
and media markets, powered by the world's most trusted news organization. With
headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs approximately 60,000 people and operates in over 100
countries. Thomson Reuters shares are listed on the Toronto and New York Stock
Exchanges. For more information, go to http://thomsonreuters.com.
About StarMine
Thomson Reuters provides equities and credit based alpha and risk factors for
investment managers as well as corporate investor relations teams. Thomson
Reuters has long been known for its enhanced sell-side forecasts; one example is
StarMine SmartEstimates, which predict the direction of earnings surprises with
a success rate of around 70% when the SmartEstimate significantly differs from
the consensus estimate. The StarMine Text Mining Credit Risk model sits
alongside the StarMine Structural Credit Risk model and the StarMine SmartRatios
Credit Risk Model, both form part of StarMine's credit risk offering.
CONTACTS
Kate Reid
Thomson Reuters
+44 (0)20 7542 2215
kate.reid(at)thomsonreuters.com
Joyce Zhang (Jiayin)
PR Manager, China
Thomson Reuters
+86-21-61041607
joyce.zhang(at)thomsonreuters.com
Press release (PDF):
http://hugin.info/142273/R/1687989/553640.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
[HUG#1687989]
Unternehmensinformation / Kurzprofil:
Datum: 25.03.2013 - 16:02 Uhr
Sprache: Deutsch
News-ID 242824
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contact information:
Kategorie:
Business News
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