Banking group HSBC has signed a global licence deal with Reuters that will enable it to use the vendor's data and information across its entire business.
Reuters says the deal supports HSBC's ambition to standardise and rationalise overall data costs and the number of data suppliers the bank has globally.
Stuart Gulliver, chief executive, corporate, investment banking and markets and group investment businesses, HSBC, says: "Reuters was chosen as a strategic partner due to its unique ability to combine comprehensive market and reference data, analytics, transaction capabilities and open infrastructure within a single enterprise agreement. The benefits of this agreement will be felt right across HSBC's business."
The vendor says the HSBC contract delivers on its aim of "extending beyond the desktop to offer a complete business solution for an entire global organisation".
Jon Robson, president, Reuters focus group accounts, adds: "Deals such as this one with HSBC approach the delivery of information in a new way with the whole of an organisation in mind, not just the terminal, and are the model for the future."
The global licence will run for the next three years, with an option to extend for HSBC to extend the contract for a further two years.