Thomson Reuters (TR) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries. Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE). The company has now expanded its scope and entered into the realm of blockchain technology and artificial intelligence (A.I.).
Last month, the peer-to-peer (P2P) blockchain startup Level01 announced its partnership with TR in order to create a “derivatives” exchange that would change how parties interact with one another, without the fear of losing funds to unknown third parties.
Level01’s proprietary platform, a peer-to-peer (P2P) derivatives exchange, allows investors to trade options contracts directly with one another, without requiring an intermediary or broker.
A “derivative” is a financial security that holds a value reliant upon or derived from an underlying asset or group of assets. An “exchange traded derivative” is a financial instrument that trades on a regulated exchange and whose value is based on the value of another asset.
In the world of blockchain, making it a decentralized peer-to-peer platform changes the game.
“At its beginning stages, we were looking at both Bloomberg and TR,” Jonathan Loi, the CEO of Level01, told Bitcoin Magazine.
“From our perspective, TR proved to be a more competent and receptive company because the individuals we were in collaboration with went the extra mile to ensure things were done moving forward.”