Refinitiv

Corporate brand

Refinitiv was a global provider of financial-market data, analytics, trading technology, risk intelligence and workflow infrastructure, subsequently absorbed into LSEG.

Last updated October 14, 2026

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Overview

Refinitiv was a global financial-information and market-infrastructure business created in 2018 from the Financial & Risk division of Thomson Reuters. Its business combined long-established Reuters financial-data operations with trading venues, data feeds, investment research, analytics, indices, risk-management tools and compliance information. The company served banks, asset managers, hedge funds, broker-dealers, corporations, wealth managers, governments, regulators and other professional users rather than retail consumers. The business emerged from a restructuring of Thomson Reuters in which the company sold a 55 percent majority stake in its Financial & Risk division to investment firm Blackstone. The transaction separated the financial-data operation from Thomson Reuters' other activities and created a new company under the Refinitiv name. The portfolio inherited substantial technology, content and customer relationships from Reuters and Thomson Reuters, including the Reuters news service, Reuters Instrument Codes, real-time market-data feeds, financial fundamentals, estimates, fixed-income analytics and electronic-trading capabilities. Refinitiv's best-known user-facing product was Eikon, a professional desktop and workflow platform used for market monitoring, financial research, portfolio analysis, trading and collaboration. Workspace was introduced as a more modern, web-oriented successor and extension to Eikon, with products designed for investment management, wealth management, investment banking and other professional workflows. Refinitiv also operated or supplied Elektron, a family of low-latency data distribution and connectivity services; Refinitiv Data Platform, which provided cloud and API access to financial datasets; and a range of transaction and execution services, including FXall and related foreign-exchange workflow capabilities. The business also had an important risk and compliance franchise. World-Check supplied information used for know-your-customer, sanctions, politically exposed person and third-party screening. Enhanced Due Diligence supplied investigative research and background-checking services for organizations assessing bribery, corruption, money-laundering, reputational and other financial-crime risks. The wider portfolio included Lipper fund research and analytics, Refinitiv indices, the Refinitiv Business Classification, economic and company data, wealth-management tools, digital identity and fraud-prevention services, and data-management technology. In August 2019, London Stock Exchange Group agreed to acquire Refinitiv in an all-share transaction valued at approximately US$27 billion in enterprise value. The transaction was strategically important for LSEG because it expanded the exchange operator from a primarily market-infrastructure and trading business into a much broader provider of financial data, analytics, capital-markets technology and risk services. European Commission approval was conditional on remedies, and LSEG pursued the sale of certain Italian assets, including Borsa Italiana, to address competition concerns before completing the Refinitiv acquisition on January 29, 2021. After completion, Refinitiv operated as part of LSEG rather than as an independent listed company. David Craig served as CEO during the transition and left LSEG at the end of 2021. LSEG progressively integrated Refinitiv's people, products and technology into its Data & Analytics, FTSE Russell and Risk Intelligence divisions. In August 2023, LSEG announced the retirement of the Refinitiv name, beginning with the renaming of Refinitiv Workspace to LSEG Workspace. LSEG subsequently stated that the Refinitiv brand had been fully retired, although some legal entities, legacy URLs and operational systems continued to carry the name for administrative purposes. Accordingly, Refinitiv is best understood today as a retired corporate brand and historical predecessor to substantial parts of LSEG's data and…

History

Refinitiv's history is rooted in the development of Reuters and Thomson Reuters as providers of financial news, market quotations, company information and professional data services. Reuters built a substantial financial-information business around electronic market data, news distribution and financial messaging. Following the 2008 combination of Thomson Corporation and Reuters Group, those activities became part of Thomson Reuters and were expanded into a broad Financial & Risk division serving institutional financial markets. The Financial & Risk division supplied information and technology to investment banks, asset managers, hedge funds, broker-dealers, corporations and other professional users. Its portfolio included Reuters real-time data feeds, Reuters Instrument Codes, financial fundamentals, estimates, research, fixed-income analytics, trading connectivity, risk tools, Eikon and other desktop products. Eikon itself had been introduced by Thomson Reuters in 2010 as a successor to Reuters 3000 Xtra, reflecting the industry's shift toward integrated desktop workflows combining data, news, analysis and communications. In October 2018, Thomson Reuters sold a 55 percent majority stake in Financial & Risk to a consortium led by Blackstone. The transaction separated the unit from the rest of Thomson Reuters and established Refinitiv as a new company. The new name was intended to signal a technology- and data-oriented business with a large installed customer base, global operations and a portfolio spanning data platforms, trading venues, analytics, indices, risk intelligence and financial workflow applications. Thomson Reuters retained a minority interest, while Blackstone became the principal financial sponsor during the period before the LSEG transaction. Refinitiv operated in a market dominated by large professional-data vendors and specialized infrastructure providers. It competed through the breadth of its content, the historical depth of Reuters data, low-latency distribution, open APIs, desktop workflows and products that combined market information with trading, investment, wealth and compliance use cases. Eikon remained the principal professional terminal, while Refinitiv Workspace represented a more flexible, web-oriented evolution. Elektron and Refinitiv Data Platform addressed data distribution, application development and enterprise integration. The company's risk business centered on World-Check, enhanced due diligence, identity verification and fraud-prevention capabilities. The business also expanded through acquisitions and product development. Scivantage was acquired in 2020 to strengthen digital wealth-management capabilities, including tax reporting and client-experience tools. Refinitiv acquired ASI, a digital advice platform, during the same year. It agreed to acquire GIACT Systems, a U.S. provider of digital identity, payments verification and fraud-prevention services, and acquired the Red Flag Group to broaden enhanced due diligence and workflow data. These transactions reflected a strategy of extending beyond traditional market-data terminals into digital wealth, enterprise risk, anti-financial-crime and identity services. In August 2019, LSEG agreed to acquire Refinitiv in an all-share transaction valued at approximately US$27 billion. The proposed combination would join LSEG's exchanges, clearing and capital-markets infrastructure with Refinitiv's global data, analytics and workflow businesses. The transaction attracted regulatory scrutiny because of the parties' positions in financial-market infrastructure and data. The European Commission granted conditional approval in January 2021, and LSEG pursued the divestment of Borsa Italiana and related Italian assets as part of the regulatory path to completion. LSEG completed the acquisition on January 29, 2021. Refinitiv shareholders received a significant minority economic and voting interest in the enlarged LSEG, while Refinitiv's operations became part of LSEG's broader organizational structure. David Craig led Refinitiv through the acquisition and integration period but left LSEG at the end of 2021. The products were progressively repositioned within LSEG Data & Analytics, FTSE Russell, LSEG Risk Intelligence and related divisions. The Refinitiv name was retired in stages. In August 2023, LSEG announced that Refinitiv Workspace would become LSEG Workspace. LSEG's current transition materials state that the Refinitiv brand has been fully retired, although legacy legal entities, websites and backend systems may continue using the name for operational reasons. Refinitiv therefore remains historically important as the corporate identity that housed a major portion of LSEG's modern data, analytics and risk businesses, but it no longer operates as a standalone brand.

2023
LSEG begins retiring the Refinitiv name
[2]Refinitiv has now changed to LSEGlseg.com
LSEG announced that Refinitiv Workspace would be renamed LSEG Workspace and that the Refinitiv identity would be retired across the group.
2021
LSEG completes the Refinitiv acquisition
[3]LSEG all-share acquisition of Refinitiv transaction - completion and admission to tradinglseg.com
LSEG completed the all-share acquisition on January 29, 2021, bringing Refinitiv's data, analytics, trading and risk businesses into the LSEG group.
2021
Refinitiv leadership transitions into LSEG
[5]LSEG announces executive committee changeslseg.com
LSEG announced that David Craig would leave at the end of 2021 and that Andrea Remyn Stone would lead the Data & Analytics division.
2020
Refinitiv expands wealth and risk capabilities
[7]LSEG Refinitiv Acquisition All Share Prospectuslseg.com
Refinitiv acquired or agreed to acquire businesses including Scivantage, ASI, GIACT Systems and the Red Flag Group to strengthen digital wealth, identity verification, fraud prevention and enhanced due diligence.
2019
LSEG agrees to acquire Refinitiv
[13]LSEG agrees to acquire Refinitivlseg.com
LSEG announced an all-share acquisition of Refinitiv with an approximate enterprise value of US$27 billion.
2018
Refinitiv is created from Thomson Reuters Financial & Risk
[1]Refinitiven.wikipedia.org
Thomson Reuters sold a 55 percent majority stake in its Financial & Risk division to Blackstone, and the business was reorganized under the Refinitiv name.
2010
Thomson Reuters launches Eikon
[12]Thomson Reuters launches Eikonen.wikipedia.org
Thomson Reuters introduced Eikon as a successor to Reuters 3000 Xtra, creating an integrated professional desktop for market data, news, research and financial workflows.

Products and positioning

A global institutional financial-data and infrastructure provider positioned between traditional market-data vendors, financial-information companies, trading-technology providers and regulatory-risk platforms. Its value proposition centered on combining proprietary financial content, Reuters news, real-time and historical market data, analytics, workflow software, trading connectivity and compliance intelligence in integrated professional services.

Professional financial-information terminal · 2010
Eikon
Eikon was Refinitiv's principal professional desktop platform for real-time and historical market data, Reuters news, company fundamentals, estimates, research, charting, portfolio analysis and trading workflows. It was designed for investment professionals, traders, analysts and advisers. Refinitiv positioned Workspace as the modern successor to Eikon, and LSEG ultimately retired Eikon in favor of LSEG Workspace.
Web-based financial workflow platform · 2019
Refinitiv Workspace
Workspace was developed as a more modern and flexible successor to Eikon. It combined cross-asset data, news, analytics, research and workflow tools through web, desktop and other delivery formats. Product variants and capabilities were developed for investment management, wealth management, students and investment banking. Following the LSEG integration, it was renamed LSEG Workspace.
Market-data distribution and connectivity
Elektron
Elektron was a family of low-latency market-data feeds, distribution services, analytics and transactional connectivity products. It supported financial institutions and application developers that needed real-time data from exchange-traded and over-the-counter markets, as well as infrastructure for trading and enterprise financial workflows.
Cloud data and API platform · 2019
Refinitiv Data Platform
The Refinitiv Data Platform provided programmatic and hosted access to financial information, analytics and related services. It was intended for developers, quantitative users and enterprises building applications or integrating market data into internal systems. The platform supported the industry's move from terminal-centric consumption toward APIs, feeds and cloud-based data services.
Risk intelligence and screening
World-Check
World-Check was a global risk-intelligence database and screening service used for know-your-customer, sanctions, politically exposed person, adverse-media and third-party risk processes. It served compliance officers, financial-crime teams, legal departments, procurement groups and other organizations seeking to identify reputational, regulatory and financial risks associated with customers, suppliers, partners and other entities.
Investigative due diligence
Enhanced Due Diligence
Enhanced Due Diligence provided deeper background research on companies and individuals, including investigation of bribery, corruption, money laundering and other financial-crime concerns. The service was designed to produce documented and auditable findings that organizations could use in compliance, onboarding, procurement, investment and counterparty-risk processes.
Fund research and analytics
Refinitiv Lipper
Refinitiv Lipper supplied fund data, classifications, performance analytics, ratings and research tools for asset managers, advisers, distributors, institutions and other professional users. It formed part of Refinitiv's investment-solutions portfolio and supported fund comparison, due diligence, portfolio analysis and distribution workflows.
Index and benchmark services
Refinitiv Indices
Refinitiv Indices included country, regional, sector, commodity, fixed-income and customized index products, together with calculation and administration services. The business supported benchmarking, portfolio construction, asset allocation, research and product development across multiple asset classes.
Company and industry classification · 2020
Refinitiv Business Classification
The Refinitiv Business Classification, formerly known under Thomson Reuters branding, was a market-based classification system for global companies. It organized issuers into economic sectors, business sectors, industry groups and industries and was used in investment analysis, benchmarking, index construction and peer comparison.
Foreign-exchange trading and workflow
FXall
FXall was an electronic foreign-exchange trading and workflow service that connected buy-side institutions, corporations and other market participants with liquidity providers. It complemented Refinitiv's market data, news, analytics and treasury tools by supporting price discovery, execution, transaction management and post-trade workflow.

Controversies

2019
Filtering of Reuters coverage on Chinese Eikon terminals
In 2019, reports stated that Refinitiv removed or filtered Reuters stories concerning the Tiananmen anniversary and Hong Kong protests from Eikon terminals in mainland China after pressure from Chinese regulators. The incident generated criticism because Refinitiv distributed Reuters content while operating under local regulatory requirements, creating a conflict between censorship compliance, editorial independence and customer access to information.
Source

2021Infrastructure 360 and infrastructure-investor tools
Global
Refinitiv and LSEG promoted an expanded suite of market data, indices and analytics for infrastructure investors. Infrastructure 360 was added to Refinitiv Workspace with information on global infrastructure projects, while FTSE Russell introduced a complementary fixed-income infrastructure index series.
Outcome. The initiative positioned the combined LSEG and Refinitiv data businesses as providers of specialized investment research and index tools for infrastructure-focused investors.
Source

Brand decisions

2023
Rename Refinitiv Workspace as LSEG WorkspaceGeneration change
Background
LSEG had been integrating Refinitiv's products into its own operating divisions and sought to present the combined data and analytics portfolio under a unified identity.
Action taken
LSEG began retiring the Refinitiv name, starting with the renaming of Refinitiv Workspace to LSEG Workspace.
Aftermath
The Refinitiv brand was subsequently fully retired, while former products and services continued under LSEG business lines.
Source
2021
Complete the combination of Refinitiv and LSEGM&A
Background
The proposed acquisition received conditional approval from the European Commission and other required regulatory clearances.
Action taken
LSEG completed the all-share acquisition of Refinitiv on January 29, 2021.
Aftermath
Refinitiv ceased operating as a standalone company and became a major component of LSEG's Data & Analytics, FTSE Russell and Risk Intelligence activities.
Refinitiv shareholders' approximate economic interest in enlarged LSEG. Approximately 37 percent economic interest and 29 percent voting interest at completion (January 29, 2021)
Source
2020
Refinitiv expands digital wealth and risk capabilities through acquisitionsM&A
Background
Refinitiv was seeking to diversify beyond traditional market-data terminals and strengthen its wealth, identity, fraud-prevention and due-diligence offerings.
Action taken
Refinitiv acquired Scivantage, acquired ASI, agreed to acquire GIACT Systems and acquired the Red Flag Group.
Aftermath
The acquisitions broadened the company's digital wealth, tax reporting, digital advice, identity verification, fraud prevention and enhanced due diligence capabilities before the LSEG integration.
Source
2019
LSEG agrees to acquire RefinitivM&A
Background
LSEG wanted to broaden its business beyond exchanges, clearing and capital-markets infrastructure by adding a large global financial-data, analytics and workflow platform.
Action taken
LSEG agreed to acquire Refinitiv from its shareholders in an all-share transaction.
Aftermath
The transaction became subject to extensive regulatory review. LSEG pursued the sale of Borsa Italiana and related Italian assets as part of the process for securing approval.
Enterprise value. Approximately US$27 billion (August 1, 2019 announced transaction)
Source
2018
Separate Thomson Reuters Financial & Risk into RefinitivStrategy
Background
Thomson Reuters sought to separate its large Financial & Risk division from the rest of the group and place it under new majority ownership led by Blackstone.
Action taken
The Financial & Risk business was reorganized as Refinitiv, with Thomson Reuters retaining a minority interest and Blackstone becoming the majority financial owner.
Aftermath
The separation created an independent global financial-data and infrastructure company that could later be sold to LSEG.
Enterprise value of the Financial & Risk business. Approximately US$20 billion (October 1, 2018 transaction)
Source

Recent events

2023
LSEG begins retiring the Refinitiv brand[2]Refinitiv has now changed to LSEGlseg.com
Product generation
LSEG announced plans to retire the Refinitiv name across the group, beginning with the renaming of Refinitiv Workspace as LSEG Workspace. LSEG later stated that the Refinitiv brand had been fully retired and that former Refinitiv services were delivered through LSEG Data & Analytics, FTSE Russell or LSEG Risk Intelligence.
2021
European Commission conditionally approves LSEG's acquisition of Refinitiv[4]LSEG All Share Acquisition of Refinitiv - European Commission Approvallseg.com
M&A · Regulation
The European Commission conditionally approved the proposed acquisition under the EU Merger Regulation. The approval was part of the regulatory process that preceded completion of the transaction.
2021
LSEG completes acquisition of Refinitiv[3]LSEG all-share acquisition of Refinitiv transaction - completion and admission to tradinglseg.com
M&A
LSEG completed the all-share acquisition on January 29, 2021. Refinitiv shareholders received an approximate 37 percent economic interest and 29 percent voting interest in the enlarged LSEG at completion, according to LSEG's announcement.
2021
David Craig to leave LSEG at the end of 2021[5]LSEG announces executive committee changeslseg.com
Leadership change
LSEG announced that David Craig, who had served as Refinitiv's CEO and LSEG's Group Head of Data & Analytics, would leave the group at the end of 2021. Andrea Remyn Stone was appointed Group Head of Data & Analytics effective July 1, 2021.
2019
Refinitiv agrees to be acquired by London Stock Exchange Group[13]LSEG agrees to acquire Refinitivlseg.com
M&A
LSEG announced an all-share agreement to acquire Refinitiv in a transaction with an enterprise value of approximately US$27 billion. The deal was intended to create a broader financial-markets infrastructure and data group.
2019
Hong Kong Exchanges and Clearing makes an unsolicited bid for LSEG[1]Refinitiven.wikipedia.org
M&A · Other
Hong Kong Exchanges and Clearing proposed a takeover of LSEG on the condition that LSEG abandon its planned acquisition of Refinitiv. LSEG rejected the bid, allowing the Refinitiv transaction to proceed.
2018
Thomson Reuters separates its Financial & Risk business and creates Refinitiv[1]Refinitiven.wikipedia.org
M&A
Thomson Reuters sold a 55 percent majority stake in its Financial & Risk business to Blackstone. The operation was reorganized as Refinitiv, combining Reuters financial content, market data, analytics, trading technology and risk services under a new corporate identity.

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