Luxembourg-based European Fund Administration (EFA) has selected Refinitiv as the primary data source for its securities operations.
Under the terms of the arrangement, Refinitiv will provide data for pricing, reference data and corporate actions.
Refinitiv has an existing, long-standing relationship with the fund administrator and according to EFA chief operating officer Gary Janway, the latest collaboration will improve the firm’s data flows, as well providing its analysts with new tools.
The deal comes a week after the London Stock Exchange completed its $27 billion (€22.2 billion) takeover of Refinitiv.
The acquisition was originally agreed in August 2019 but was not approved by the EU’s competition regulators until last month.
The combined LSE and Refinitiv offering is likely to be both a big player in the financial data market, second only to Bloomberg in size, and also a major asset for the UK exchange in its effort to remain a trading centre post-Brexit.
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