Vendors Address Issue Of Post-Euro RICs
TECHNOLOGY SPOTLIGHT
LONDON--As the markets open this morning, Reuters Instrument Codes (RICs) for tens of thousands of instruments have been changed.
Over the conversion weekend, Reuters' made 10,000 changes to quotes contributed by customers. In addition 47,000 futures and options were redenominated, along with 20,000 equities and 7,000 corporate and government bonds.
While the majority of the new codes were available in advance, some RICs were dependent on the final locking rates announced at midnight (CET) on
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