Thomson Financial (http://www.tfn.com) has integrated its Research Bank Web and Global Access services into a new Web service called Thomson Research (http://research.thomsonib.com). Thomson Financial markets its data to research professionals and analysts at investment banks and at law, accounting, and consulting firms. Users of the pre-existing services may continue to use the old interfaces and content, but migration to the new service has begun. At present, Thomson Financial has no scheduled timeline for replacing the old services with the new. According to Mark Lerch, president of the Investment Banking Group at Thomson Financial, the company is working with customers to introduce the new service and is scheduling training sessions.
The most significant change for customers in the new Thomson Research appears to be the expansion of access to Global Access databases to Research Bank Web users. Global Access customers already had access to Research Bank Web studies. According to Lerch, when Thomson acquired the Global Access package of financial data from Primark, Thomson substituted analysts' reports from its own Research Bank Web collection for material Primark had used. But Research Bank Web customers did not have corresponding access to Global Access data; with Thomson Research, they will.
In all, Thomson Research will provide access to over 3.4 million research reports, with an average of 3,000 new reports added daily. Researchers can search all content sets with a single ticker symbol or company name under the new service. The service carries all the Investext reports from brokerage analysts; MarkIntel reports from investment banks, brokerage houses, and market research firms; trade association reports from the Industry Insider database; transcripts of corporate earnings conference calls from Fair Disclosure Financial Network (FDfn); First Call Morning Meeting Notes; Worldscope global financial data and accounting information on more than 28,000 active public companies; Extel Cards; Disclosure SEC reports; and I/B/E/S global analyst earnings forecasts, historical estimates, and recommendations for more than 20,000 companies.
Image output has increased on the service. Thomson Research carries over 2.6 million scanned and compressed text-searchable images, including color annual reports, prospectuses, and circulars. The new Thomson Extel cards appear in both HTML and Adobe PDF formats in the traditional "dual column" style. Real-time and historical SEC EDGAR filings, including as-filed HTML documents, and foreign exchange filings are also available. The service will also access stories from the UK Regulatory News Service as well as full-text articles from more than 1,300 U.S. and international publications and 20,000 tables.
Functionally, Thomson Research supports advanced searching, such as savable searches, full-text keyword searching of SEC EDGAR filings, customized content profiling, and "Refined Preferences" for choosing display options. Extensive output options include pre-formatted filings and financial templates to help users download reports to spreadsheet, word processing, or presentation software. It also offers real-time filings alerts. Advanced administrator features let administrators add users; set user-access permissions; view usage reports; and define user preferences on an individual, user group, or firm-wide basis. It also lets the administrator guard against individuals changing the settings without permission.
According to Lerch, Thomson Financial is "weaving Thomson Research into all their products ... all components." Thomson Financial will make it the basis for service to client intranets. Thomson Analytics will draw on data from Thomson Research.
Lerch said that pricing will not change for most current Research Bank Web and Global Access customers. The company will continue to offer a wide array of pricing options based on data tapped and the level of customer use. Thomson Financial offers both subscription options as well as pay-as-you-go pricing. Old customers should see no changes, according to Lerch, and new customers will not be charged different rates than old customers. So the launch of the new Thomson Research service does not include a price increase.
Thomson Financial, a $1.6 billion dollar company, provides service to clients from the financial community in over 70 countries. It is a subsidiary of the $7.2 billion Thomson Corp. (http://www.thomson.com).