Data Monetization

and Business Value

realization

•GROUP 1

• Ashu Sharma
• Manoharan Divyalakshmi
• Neha Arora
• Sapna Bhandari
• Anto Edin Charley
• Amaan A Majeed
 As part of LSEG, Refinitiv continues to innovate and expand its
Company Overview offerings. It focuses on leveraging the combined strengths of both
organizations to provide enhanced data solutions, trading
The acquisition was completed,
platforms, and financial market infrastructure services. The
and Refinitiv became part of
integration also aims to drive efficiencies and deliver greater
LSEG. This integration
value to clients through a unified approach.
combined LSEG’s expertise in
financial markets infrastructure

LSEG (London Stock Exchange

with Refinitiv’s extensive data
and analytics capabilities. 2021
Group) is a diversified
international markets
infrastructure business —earning Blackstone Group led a consortium of investors
2021
to acquire a majority stake (55%) in Thomson Post-Acquisition
our clients’ trust for over 300 Reuters’ Financial & Risk business. The
years. Developments
business was subsequently rebranded as
Refinitiv. The transaction valued the business at 2020 Acquisition by
LSEG
approximately $20 billion

Acquisition by
LSEG
Refinitiv brought with it a robust
Refinitiv, an LSEG (London 2018
suite of financial market data,
Stock Exchange Group) business, Transition to
The London Stock Exchange Group (LSEG) announced
analytics, and trading capabilities, its intention to acquire Refinitiv in an all-share
is one of the world's largest Refinitiv
complementing LSEG's existing transaction valued at approximately $27 billion. This
providers of financial markets acquisition aimed to create a leading global financial
strengths in financial markets and 2008
data and infrastructure. markets infrastructure and data provider.
infrastructure.
Formation
& Early
Years
With $6.25 billion in revenue, Refinitiv’s roots trace back to the formation of
over 40,000 customers and The acquisition of Refinitiv by ‘Thomson Reuters’ Financial & Risk business,
400,000 end users across 190 LSEG was marking a significant
which was established through the merger of
Thomson Corporation and Reuters Group. This
countries, Refinitiv is powering milestone in the financial services business provided financial data and services to
participants across the global industry. the financial sector.
financial marketplace.
 Company Overview

Integration Strategy Key Milestones Challenges Faced Outlook

 Technology Integration: Aligning  Legal and Regulatory Approval:  Regulatory Hurdles: Navigating  Enhanced Market Position:
IT systems and platforms to ensure Obtaining necessary approvals from complex regulatory requirements in Strengthened market data and trading
seamless data flow and operational regulatory bodies. multiple jurisdictions. capabilities.
efficiency.
 Technology Alignment:  Technological Complexity:  Innovative Solutions: Developing
 Product Integration: Consolidating Successfully integrating critical IT Integrating diverse IT infrastructures cutting-edge financial technologies
product offerings to eliminate systems to support unified and data systems. and solutions.
redundancies and enhance customer operations.
value.  Cultural Integration: Aligning  Global Expansion: Expanding
 Product Rationalization: organizational cultures and managing footprint in key international
 Market Expansion: Leveraging Streamlining product portfolios to employee expectations. markets.
combined strengths to penetrate new enhance competitiveness and
markets and deepen existing market customer satisfaction.  Customer Transition: Minimizing  Customer-Centric Approach:
presence. disruption and ensuring continuity Continuously enhancing customer
 Customer Transition: Ensuring for customers during transition experience and value proposition.
 Organizational Alignment: smooth transition and support for phases.
Integrating teams and fostering a existing Refinitiv customers to LSEG
unified corporate culture to drive platforms. • Market Competition: Addressing
collaboration and innovation. competitive pressures and market
 Employee Integration: Facilitating dynamics post-acquisition
integration of teams and fostering a
cohesive organizational culture.
THE FOUR PILLARS OF DATA MODELS CAN BE HIGHLY RELEVANT TO REFINITIV, AN LSEG

REFINITIV
DATA MODEL

Implementing strategic pricing

Data Acquisition

and market positioning to

Data Blueprint

Monetization
Ensuring

Data Products

Strategy
comprehensive and maximize the commercial
high-quality data value of their data products
collection from
diverse sources

Building a robust data Creating valuable data-driven

architecture and governance products and services that meet
framework to manage and the specific needs of financial
process data effectively institutions
DATA PLATFORMS of LSEG

Refinitiv
A financial data platform that provides real-time
market data, news, and analytics for financial
professionals
UnaVista
A regulatory reporting platform that helps firms comply with
regulations such as MiFID II and EMIR.
FTSE Russell
A global index provider that offers a wide range of
indexes for investors.
ELITE Connect
A platform that connects private companies with investors
and advisors.
LSEG Technology
A technology solutions provider that offers trading
and post-trade technology solutions for financial
markets. XTF
A platform that provides ETF data and analytics for investors.
 REFINITIV, A FINANCIAL DATA PLATFORM OFFERED BY THE LONDON STOCK EXCHANGE GROUP'S DATA
ANALYTICS DIVISION
Key Features Across Platforms
Key Data Platforms:
Eikon is a leading financial analysis platform, providing
Refinitiv Eikon access to real-time and historical data, news, analytics,
and trading tools
Integration
Extensive Data
Capabilities -
Advanced Coverage -
Refinitiv Workspace is a flexible, customizable platform that offers Secure and Reliable Seamless Customizability -
Analytics - All Comprehensive
data and analytics tailored to different user needs, - High standards of integration with Platforms can be
Workspace including investment management, advisory, and trading. platforms offer datasets across
security and other financial tailored to meet
powerful analytical equities, fixed
reliability to tools and the specific needs
tools to support income,
ensure data platforms, of different users
RDP provides a scalable and secure cloud-based data complex financial commodities,
Refinitiv Data integrity. enhancing and use cases.
distribution platform, enabling access to a vast range of analysis. foreign exchange,
Platform (RDP) data services workflow
and more.
efficiency.

Elektron Data Elektron is a high-performance data platform offering

low-latency data feeds and robust data management
Platform capabilities

Target Users Traders and Portfolio Managers

Refinitiv Tick Tick History provides historical tick-level data, essential For real-time data, trading tools, and
portfolio management analytics
History for back-testing and quantitative research

Data Scientists and Developers

For APIs and data feeds to support custom
This platform offers a unified solution for real-time Analysts and Researchers
Refinitiv Real- data delivery, critical for trading and risk
applications and models.
For historical data, advanced analytics, and research
Time management tools

Refinitiv Knowledge Direct provides easy access to a vast Financial Advisors

Knowledge repository of financial data and research, supporting For advisory platforms and client Risk Managers
Direct decision-making processes engagement tools For risk management and
regulatory compliance tools
 DIFFERENTIATORS OF REFINITIV, AN LSEG (LONDON STOCK EXCHANGE GROUP)
These attributes collectively enable Refinitiv to deliver exceptional value to its clients and maintain a competitive edge in the financial data and infrastructure market.

• Extensive Compliance Tools

• Global Reach • Risk Management • AI and Machine Learning
• Depth of Data
• APIs and Developer Tools

Comprehensive Data Regulatory &

Coverage Compliance Innovation and
Technology

Advanced Trusted News and

Analytical Tools Insights Sustainability and
ESG Data
• Powerful Analytics • Reuters News Integration
• Integration with Microsoft • Expert Research and Analysis
Office • ESG Data and Analytics
• Commitment to Sustainability

• Low Latency
• Comprehensive Trading Tools • Dedicated Support
• Professional Services

Robust Trading Strong Client Support

Solutions &Services

Customizable and Scalable Strategic Integration

Platforms with LSEG

• Tailored Solutions
• Scalability • Enhanced Capabilities
• Broad Market Infrastructure
INSIGHTS & INTELLIGENCE OFFERED BY REFINITIV, AN LSEG (LONDON STOCK EXCHANGE
GROUP)
These are delivered through advanced platforms and tools, enabling financial professionals to make well-informed decisions and stay competitive in the global financial markets
• Real-Time Market Data
• Eikon and Workspace • Historical Data Analysis
• APIs and Data Feeds • Economic Indicators
• Research Portals • Economic Forecasts

Market
Insights Ec
• er y s o
Ins nomi
M&A Analysis l iv
De tform ig h c • Sector Performance
• Investment Strategy Pla
ts
• Competitive Analysis

y
str
St .
r du
In ateg In and or
sig ic ct s
ht
s Se ight
ns
I

• Quantitative Models
• Data Science and AI • Financial Statements
Quantita • Earnings Reports
Compan
tive y • Corporate Actions
Insights Insights

• Investor Behavior Analysis r

a v io Tra
• Market Psychology B eh a l Insi ding
ghts • Market Sentiment
ghts
Insi • Technical Analysis

Ne d
E ws a n an
An ve an i sk pli
al nts d R om e s
ys C c •ighRiskt
is s
Metrics
n
I • Compliance Monitoring
Ma c r inab
and
o Susta nd
• Reuters News ility a
Mi c r
• Event Analysis Resea o ESG s
ht
rch Insig
• ESG Scores and Data
• Analyst Reports • Sustainability Reports
• Proprietary Research
BUSINESS & REVENUE MODEL OF REFINITIV, AN LSEG (LONDON STOCK EXCHANGE GROUP)
Refinitiv’s business & Revenue model is centered on providing high-quality financial data, trading platforms, and risk management solutions, generating revenue primarily through subscriptions and
licensing, and catering to a broad spectrum of financial market participants.

Key Factors for Success

Wealth
Management
Subscription Fees
High-Quality Data and
Enterprise Data BUSINESS Comprehensive Offerings
MODEL
Solutions Licensing Fees
REVENUE • Market Data

MODEL
• Analytics and Insights
Data Provision and Strategic Acquisitions • Diverse Solutions
Analytics Transaction Fees and Integrations
• LSEG Acquisition
Professional • Expansion
Trading Solutions Services
Robust Technology
Data-as-a-Service Infrastructure • Cloud-Based Solutions
Risk & Compliance (DaaS) • Big Data and AI
Solutions
Value-Added Customer-Centric
Services Approach • Customization
• Support and Services

Regulatory Compliance and

Risk Management
• Compliance Tools
• Risk Management Solutions
BUSINESS MODEL ANALYSIS OF REFINITIV, AN LSEG (LONDON STOCK EXCHANGE GROUP)
Refinitiv’s business & Revenue model is centered on providing high-quality financial data, trading platforms, and risk management solutions, generating revenue primarily through subscriptions and
licensing, and catering to a broad spectrum of financial market participants.

Key Factors for Success

Wealth
Management
• Market Data
BUSINESS MODEL
• Analytics and Insights High-Quality Data and
• Diverse Solutions Comprehensive Offerings
Enterprise Data
Solutions
• LSEG Acquisition Strategic Acquisitions
• Expansion and Integrations

Data Provision
and Analytics • Cloud-Based Solutions
Robust Technology
• Big Data and AI
Infrastructure

Trading • Customization
Customer-Centric
Solutions • Support and Services
Approach

• Compliance Tools
Risk & Regulatory Compliance and
• Risk Management
Compliance Risk Management
Solutions
Solutions