Thomson Reuters has been appointed by NAB Asset Servicing as its preferred market data provider.
In a statement, NAB Asset Servicing announced Thomson Reuters would be responsible for delivering market data, exchange-traded pricing and reference services.
NAB Asset Servicing acting executive general manager David Knights said: “We appointed Thomson Reuters not only because they offer excellent breadth, depth and quality of content in the market, but they are committed to working with us as partners and bringing the very best experience to our customers.”
Thomson Reuters will provide its services through its data delivery platform DataScope Select and its Eikon financial analysis desktop, the statement said.
Through DataScope, NAB Asset Servicing will be able to access coverage of 40 million assets and entities. Coverage includes: pricing data, security reference, analytics, corporate actions, fixed income and analytical data, FX cross rates, benchmarks, environmental social and governance (ESG) data.
Thomson Reuters Australia and New Zealand managing director of financial and risk, Daryl Sisson, said the company is “excited about the future potential of the relationship”.
“Working with a market leader like NAB Asset Servicing to innovatively solve their complex data content and delivery requirements is a fantastic win for the Australian business,” he said.