Thomson Reuters Opens RIC Code

Abstract

Thomson Reuters is making its Reuters Instrument Codes (RIC) available beyond its own desktops and feeds, with the BATS Chi-X Europe exchange as the first announced user of the codes, which identify financial instruments and indexes. RICs are often used for legal entity information, not just quote-level or security-level information, according to Jason du Preez, global business manager, enterprise platforms at Thomson Reuters. They are enabling all those use cases with these new licenses, he says.