Thomson Reuters targets retail market with niche data and analytics product

Thomson Reuters building in Canary Wharf

Thomson Reuters has released a market data and analytics tool specifically designed for the retail foreign exchange market that merges features of its flagship institutional Eikon platform and MetaStock charting capabilities.

The platform includes real-time news and data, fundamentals, economic reporting and analytics, as well as the MetaStock Pro charting and analysis software package, including the analytic trifecta called the PowerTools.

The desktop service is being sold as a monthly or annual subscription. It is also standard with all MetaStock Pro subscriptions. The product can also be accessed via mobile devices, maintaining all preferences and permissions.

Through the ‘Thomson Reuters Eikon for Retail Traders' subscription, the Eikon and EikonHD apps are available for free through the Apple App Store, the company says on its website.

In response to press speculation, a spokesperson for Thomson Reuters clarified it is not moving into the broad retail market with its premium Eikon desktop. "However, the company has created a targeted solution for the retail market that combines aspects of the Eikon desktop with MetaStock charting and technical analysis software. MetaStock is acting as reseller for this niche offering."

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