Reuters Halts Early Access to Consumer Confidence Data Amid New York Attorney General Probe
Late Sunday, Thomson Reuters announced that it would stop giving premium subscribers a two-second early glimpse at key data as regulators probe the subscription service. The New York Attorney General recently launched an investigation into the arrangements and Reuters has suspended the deal pending the investigation, however they stand by the principle of the deals.
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"Thomson Reuters is fully cooperating with the N.Y. Attorney General's review and made this change voluntarily at the request of the Attorney General," the company said in a statement late Sunday.
However, Thomson Reuters said that it can "legally distribute non-governmental data and exclusive news through services provided to fee-paying subscribers. It is widely understood that news and information companies compete for exclusive news and differentiated content to help their customers make better informed trading and investment decisions."
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