While seminal papers, such as Chen, Hong, and Stein (2002), used Thomson-Reuters Mutual Fund database to construct the institutional breadth and other metrics at the mutual fund ownership level, recently researchers have been using 13F data as it represents a bigger, though not complete, picture of aggregate ownership positions by institutional investors. 'Antitrust: Commission renders legally binding commitments from Thomson Reuters'. 'Commission opens formal proceedings against Thomson Reuters concerning use of Reuters Instrument Codes'. In summary, the proposal involves Thomson Reuters agreeing to offer its customers specific licence rights to continue to use its RICs in applications with data from an alternative real time consolidated data feed provider to which they have moved. The EC’s announcement brought the matter to a close, with no finding of liability. In December 2012, the European Commission accepted Thomson Reuters proposal to remedy those concerns. In November 2009, The European Commission opened formal anti-trust proceedings against Thomson Reuters to investigate whether Thomson Reuters could be abusing its dominant position in the market for consolidated real-time datafeeds through its RIC licensing practices, in breach of EU antitrust rules.
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