Thomson Reuters To Extend Its Critical Energy Market Insight Through The Acquisition Of Point Carbon
Thomson Reuters is to acquire Point Carbon A/S, a Norwegian-based provider of trading analytics, news and content for the energy and environmental markets. Thomson Reuters said this acquisition strengthens its offerings to the energy sector through the combination of Point Carbon’s critical insight, market fundamentals and powerful analytics of key price drivers with Thomson Reuters leading news and pricing service. Point Carbon provides banks, traders, portfolio managers, corporations and governments with critical insights based on deep industry knowledge and sophisticated modeling capabilities across the carbon, utilities, oil, gas and industrial markets, according to a release. Shaun Sibley, global head of commodities & energy, Thomson Reuters, said: “This acquisition underscores Thomson Reuters’ commitment to the global energy markets and supports our growth plans for our leading commodity and energy business. Thomson Reuters clients will benefit from greater expertise and highly innovative technologies that will provide further granularity and a more sophisticated view of market conditions and their impact on price and trading. We will look to expanding our business to new customers, geographies and asset classes.” Following integration, Point Carbon content will be available through Thomson Reuters Eikon, the company’s new desktop offering to be launched later this year. In addition Reuters Insider, Thomson Reuters recently launched financial video platform, will begin broadcasting from Oslo and elsewhere around the world programs on the energy and environmental markets using Point Carbon’s analysts and proprietary data.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio