We are now Refinitiv, formerly the Financial and Risk business of Thomson Reuters. We ve set a bold course for the future both ours and yours and are introducing our new brand to the world. As our brand migration will be gradual, you will see traces of our past through documentation, videos, and digital platforms. Thank you for joining us on our brand journey.
IFR Markets Market-Leading Real-Time Fixed Income and Capital Markets Commentary
IFR Markets IFR Markets Delivers Unique Real-Time Commentary and Analysis on Rates, Credit and FX, around the Globe, 24 hours a day. ABOUT IFR MARKETS IFR Markets coverage of primary market issues and in-the-trenches commentary is vital for professional market players. Our comprehensive coverage of the deal life-cycle from rumour through to aftermarket performance an invaluable guide to buyside demand, forward pipeline and pricing sensitivities. IFR Markets delivers across-the-board fixed income, global credit markets and currencies coverage, including major government bond markets, investment-grade credit, high-yield, emerging markets, mortgage and asset-backed securities, interest-rate swaps and major FX pairs. With an editorial team of over one hundred experienced analysts and journalists reporting from across the world s major financial centres IFR s unique combination of commentary, analysis, data and forecasting makes it the place to go for new issues coverage, market flow and sentiment. With over 100 experienced journalists and analysts around the world, IFR reports from all the key financial centres IFR Markets has been available to Eikon Premium and NAFI users since May 2013. IFR Markets content is embedded in Eikon News & Research flow plus the New Issue Monitor, while users can access the full functionality through its dedicated app. OUR CAPABILITIES IFR markets credit Market-leading new issues coverage, essential for professionals in syndicate, sales, trading, origination and research. Real-time commentary, plus a wide range of market wraps segmented by asset class and region, give IFR Markets users deep market insight through the trading day. IFR markets rates Rolling coverage and market analysis, including commentary ahead of major events, economic/ data releases and government auctions. Our Rates analysts have extensive markets experience as traders and analysts. IFR markets forex Global and technical analysis. Real-time, indepth coverage of market-moving events, plus live trading recommendations on major currencies. WHY CHOOSE IFR MARKETS? Independent insight and unique trade ideas Considered insight on the latest market developments, as well as forward-looking commentary on markets. We challenge conventional wisdom and examine issues that have not been covered elsewhere. Access all IFR Markets content on Eikon All IFR Markets content is now available on Eikon with integrated news flow and including IFR s New Issues Monitor. Trusted analysis and commentary: Understanding the drivers behind the headline stories and market activity is critical. IFR Markets delivers insight around the clock, helping professionals to track the market, and to identify sales and trading opportunities. 2
IFR Markets Deep insight into Global Capital Markets. Customisable landing page MyIFR allows users to personalise their homepage. Guide Quick links to key pages. Headline Viewer Content pop-out to maximise desktop space. Alerts Configure email alerts. Choose between: Real-time alerts Morning Digest Evening Digest SEARCH FOR IFR MARKETS TO ACCESS THE IFR MARKETS APP 3
IFR Markets Credit Market-leading new issues coverage, essential for professionals in syndicate, sales, trading, origination and research. Real-time commentary, plus a wide range of market wraps segmented by asset class and region. Credit Headlines News, commentary, deal details and market movements updated in real time Credit Derivatives Headlines Comment, analysis and market wraps Deal Pipeline Updated in real time, includes details on: issuers currency deal size tenor price talk Get alerts as deals are updated League Tables Underwriting banks market share updated daily Morning Meeting A condensed early morning wrap US Open/Close Essential daily take on what to expect in the biggest capital market in the world Sample Global Landing Page 4
IFR Markets Credit Content Guide GLOBAL PAGES Global IFR Markets Headlines 2400 Global Credit & ABS Headlines 27000 Global Credit ex ABS Headlines 46040 Global Emerging Markets Credit Headlines 40300 Credit Derivatives Headlines 20190 Credit Derivatives Squawk Box 42292 Global Emerging Secondary Trading 57821 Global Economic Calendar 2417 US Economic Calendar 42300 Credit Deals Database People & Markets (9003) DEAL REVIEWS Europe Headlines 27270 Europe Deal Reviews 27273 Americas Headlines 33100 Americas Deal Reviews 33103 Asia Headlines 33143 Asia Deal Reviews 33145 INVESTMENT GRADE Bloomberg/Reuters Index 58500 HEADLINES International Headlines 17520 International Deal Headlines 17528 US Headlines 6000 US Deal Headlines 46042 SQUAWK BOX International Squawk Box 46000 US Squawk Box 46020 US Secondary Credit 33350 Global IG Squawk Box (96151) COMMENTARY & OPEN/CLOSE US Market Call/Wrap 8242 Americas Deal Reviews 33100 US Credit Commentary 42374 Europe Credit Open 46056 Europe Deal Reviews 27270 Europe Corporates 46061 Europe Covered Bonds 46066 Europe Financials 46071 Europe Sovereigns/Supra/ Agencies 46076 Europe CDS 46081 Europe Credit Commentary (9000) PIPELINE International 17546 US Corporate 17542 Japan 17631 US Corporate Filings/ Announcements 46016 US M&A Activity/Funding 46018 DEAL PRICING International Deals 17522 International Deal Mandates 27021 US Corporate Deals 17530 New Issue Performance 46039 Japanese Deals 27043 VOLUME TABLES Weekly Market Volume 6018 Monthly Volume By Rating 46038 LEAGUE TABLES All International Bonds 27045 All Bonds in Euros 27046 All Corporate & GBP 27047 Sub Financials & Jumbos 27044 US Investment Grade 27048 HIGH YIELD Headlines 40400 Squawk Box 40410 Commentary 8200 Special Studies 8210 Deal Pipeline 40427 Deal Pricing 40431 US$ and Non US$ League Tables 40429 Global League Table 40430 Asia League Table 40434 AGENCIES Market Call/Wrap 8183 Commentary 8250 Deal Pipeline 6015 Deal Pricing 6012 League Table 27049 Redemption Schedule PREFERRED/RETAIL Deal Pipeline 46044 Deal Pricing 6017 CANADA Deal Pipeline 16111 Deal Pricing 16113 Spread Product 16120 Corporate Spreads 16170 Corporate Benchmark Levels 16171 LATAM Bloomberg/Reuters Index 44877 Headlines 44845 Squawk Box 44847 Debt Trading Commentary 44869 DEAL PIPELINES & PRICING International Pipeline 44862 Domestic Pipeline 44872 Int l Deal Pricing 44860 Domestic Deal Pricing 44859 LEAGUE TABLES & RATINGS League Table 44874 Ratings Monitor 44876 EEMEA Bloomberg/Reuters Index 57859 Headlines 57800 EEMEA Squawk Box 57804 Middle East Squawk Box 8090 Russian Squawk Box 57841 Open Comment 57802 Secondary Trading 57849 New Issue Commentary 57837 DEAL PIPELINES & PRICING International Pipeline 57831 Domestic Pipeline 57835 Int l Deal Pricing 57834 Domestic Deal Pricing 57833 LEAGUE TABLES AND RATINGS League Tables 57855 Ratings Monitor 57853 ASIA Bloomberg/Reuters Index 59059 Headlines 59060 Squawk Box 58540 Asia Credit Market Call/Wrap 59085 Asia Deal Reviews 33143 Special Regional Reports 59063 Primary Issuance Focus 58530 Secondary Asian Credit 59066 Asia Credit Commentary (9002) PIPELINE Asia G3 59074 Australia/NZ 49052 China 59079 Hong Kong 49056 Other Asia 57844 DEAL PRICING Asia G3 59071 Australia/NZ 58524 China 59073 Hong Kong 59072 Other Asia 58523 COUNTRY SQUAWK BOXES Australia/New Zealand 49070 China 58509 Hong Kong 59031 India/Pakistan/Sri Lanka 58516 Indonesia 58502 Korea 59052 Malaysia 58564 Philippines 58557 Singapore 59038 Taiwan 58550 Thailand 59044 LEAGUE TABLES International 49051 Domestic 49096 HKD 49097 INR 49095 MYR 49098 SGD 49093 THB 49094 TWD 49099 STRUCTURED FINANCE Bloomberg/Reuters Index 26950 USING THE PAGE GUIDES: HOW TO QUICKLY ACCESS IFR MARKETS CONTENT In Thomson Reuters Eikon Navigate to News & Research and select IFR Markets HEADLINES US Headlines 26951 European Headlines 26952 Asian Headlines 48251 Global Structured Headlines 48272 Global CDO Headlines 48300 Global CMBS Headlines 48302 COMMENTARY US Squawk Box 26953 US Market Call 49090 European Squawk Box 26990 Asian Squawk Box 48257 CDO Squawk Box 17613 CMBS Squawk Box 17608 CMBS Weekly US DEAL PIPELINES & PRICING Deal Headlines 48289 Auto Pipeline 26986 Auto Deal Pricing 26080 CDO Pipeline 48284 CDO Deal Pricing 26081 CMBS Pipeline 27921 CMBS Deal Pricing 26089 Credit Card Pipeline 48294 Credit Card Deal Pricing 48275 Miscellaneous Pipeline 26088 Miscellaneous Deal Pricing 26987 Real Estate Pipeline 48298 Real Estate Deal Pricing 48299 Student Loans Pipeline 48286 Student Loans Deal Pricing 48287 EUROPE DEAL PIPELINES & PRICING ABS Deal Headlines 26072 ABS Deal Pricing 26082 ABS Pipeline 48295 CDO/CLO Deal Headlines 26074 CDO/CLO Deal Pricing 26083 CDO/CLO Pipeline 48274 RMBS/CMBS Deal Headlines 26070 RMBS/CMBS Deal Pricing 17636 RMBS/CMBS Pipeline 17634 ASIA DEAL PIPELINES & PRICING ABS Deal Pipeline 26086 ABS Deal Pricing 26084 LEAGUE TABLES & SPECIAL FEATURES US ABS League Tables 26988 US CDO League Table 48290 RMBS League Tables 27922 CMBS League Tables 27935 ABS Volume Snapshot 20234 ABS Benchmark Spreads 20235 Enter a page number prefixed with TGM in the Eikon search box to launch a quote page, eg TGM 2400 or IFRINDEX In IFRMarkets.com Navigate to Guide for a complete list of IFR Markets content by region and asset class Enter a page number in the search box, eg 2400 Bold text indicates key feature. 5
IFR Markets Credit Email Newsletters NAME DESCRIPTION AUDIENCE Europe Credit Open Europe New Issue Distribution Snapshot Europe CDS Europe ABS Brief Europe EEMEA Monitor Europe Corporate Update Europe High Yield Update Europe SSA Wrap An early morning roundup of overnight developments in credit and broader market terms, and a look at the key events scheduled for the upcoming session. Includes latest deal pipeline updates and credit rating changes. Tabular data on all interesting bonds from the previous weeks with distribution stats, NIP and secondary performance. A comprehensive review of the day s major moves across credit and related markets, and a look ahead to the next trading session s data and events agenda. Wide-ranging coverage of ABS news including new deals, updates on/restructurings of existing deals and secondary market action. Helping traders fill in the gaps on BWICs. Open and Midday briefs on CEEMEA primary markets activity and key secondary market moves. A daily roundup of primary bond market news, including coverage of new deals in the market, and previously priced deals. The update also covers people moves, industry news and new broader market developments. A daily update on primary high-yield market news. The focus is on primary deals, with in-depth coverage of new issues, as well as secondary news. The update also covers people moves, industry news and new broader market developments. In-depth market coverage of new issuance in the public sector market, covering new issues for sovereigns (syndications), supranationals and agencies. The update also covers people moves, industry news and new broader market developments. It also gives a snapshot of sovereign auctions. Target audience is sales and trading. But also of interest to syndicate, origination, and credit-orientated fund managers and hedge funds. Issuers, syndicate, DCM and sales. Target audience is sales and trading. But also of interest to syndicate, origination, and credit-orientated fund managers and hedge funds. Timing is geared toward both real-time nature of sales/trader but content provides key info for those orientated to origination/ syndicate. DCM/syndicate and traders covering CEEMEA capital markets. Bond syndicate and origination, issuers, investors, sales and trading. Bond syndicate and origination, issuers, investors, sales and trading. Bond syndicate and origination, issuers, investors, sales and trading. US Credit Investment Grade Includes Investment Grade Close and US Credit Open. Bond syndicate and origination, issuers, investors, sales and trading. US High Yield Close FIG Briefing A daily update on primary high-yield market news. The focus of the update is on primary deals, with in depth coverage of new issues as well as secondary news. The update also covers people moves, industry news and new broader market developments. A complete take on key funding activity for banks and insurers from across the globe. Bond syndicate and origination, issuers, investors, sales and trading. Bond syndicate and origination, issuers, investors, sales and trading. 6
IFR Markets Credit Rolling coverage and market analysis, including commentary ahead of major events, economic releases and government auctions. Our rates analysts have extensive markets experience as traders and analysts. RATES HOME PAGE GIVES QUICK ACCESS TO KEY CONTENT Squawk Box Real-time market and economic commentary plus analysis on rates markets. Economic Calendar Rolling calendar of economic indicator releases for major economies that includes results of Reuters weekly economist polls. Hyperlink drills down to country and regional calendars. Morning Meeting A tear sheet to set up the trading day that includes overnight news and market colour along with a trading bias and scheduled economic data/events for the pending session. US 10-Year Trader Provides real-time market analysis along with critical technical levels for yields, and cash and futures prices. An up-to-date chart shows the most important technical considerations. Trade recommendations round out the features of this section. Bund Trader Intraday technical analysis updated during market hours with key levels for bund yields, cash and futures along with trade recommendations and a current chart. JGB Trader A daily look at JGB technicals, updated from Europe, including commentary along with key levels for the coming session and an accompanying chart. Sample Rates Global Landing Page 7
IFR Markets Rates Content Guide IFR MAIN INDEX Indicates Key Feature INDEX PAGE Reuters IFRINDEX TGMxxx GLOBAL PAGES Global IFR Markets Headlines 2400 Global Rates Headlines 2405 Global Rates Squawk Box 2407 Global Rates Technical Headlines 8040 Swaps Headlines 20202 Swaps Squawk Box 20211 Global Economic Calendar 2417 Central Bank Summary 2304 Global Rates Vendor Index 2420 Global Economics Vendor Index 42350 Morning Meeting (96121) AMERICAS TREASURIES Reuters Index 8080 Headlines 8000 Squawk Box 8083 DAILY MARKET EVENTS Market Call/Wrap 8008 Daily Snapshot 8007 New Issue Monitor 8082 TRADING PAGES Eurodollar Trader 8073 2-Year Trader 8061 5-Year Trader 8026 10-Year Trader 8024 30-Year Trader 8027 TECHNICAL STUDIES Treasury Technical Squawk Box 8002 Trend Intensity 8033 Stocks Trend Intensity 8036 YIELD CURVE Yield Curve History US ECONOMICS & FEDERAL RESERVE Economic Analysis 42305 Economic Calendar 42300 Events Calendar 42302 Annual Calendar The Week Ahead in US Economics Fed Outlook 42303 Fed Activity 42304 AGENCIES Market Call/Wrap 8183 Agency Deal Pricing 6012 Commentary 8250 Redemption Schedule MORTGAGES Reuters Index 27900 MBS Headlines 27901 MBS Squawk Box 27902 CMBS Headlines 48302 CMBS Squawk Box 17608 Market Call/Wrap 27060 Prepay Outlook CMBS Weekly COLLATERAL MBS Weekly Outlook/Summary Research/Hot Topics 27911 DEALS & LEAGUE TABLES Pipeline 27921 Deal Pricing 26089 CMBS League Table 27935 RMBS League Table 27922 CANADA Reuters Index 16100 Headlines 16101 Squawk Box 16102 MARKET EVENTS Canada Deal Pipeline 16111 New Issues/Financing 16113 Canada Deal Pricing 16125 Daily Corporate Benchmark Levels 16171 TRADING PAGES BAX Trader 16118 CGB Trader 16119 CAPITAL MARKETS Canada Spread Product 16120 Canada Corporate Spreads 16170 ECONOMICS & BANK OF CANADA Economic Calendar 42317 Events Calendar 42355 Bank of Canada Outlook 42318 The Week Ahead in Canada EUROPE Reuters Index 17860 European Headlines 17775 European Squawk Box 17783 DAILY MARKET EVENTS Market Call 17068 Market Wrap 17844 New Issuance Outlook 17824 Auction Calendar 17841 Auction History 17843 TRADING PAGES Euribor Trader 17805 SCHATZ Trader 17806 BOBL Trader 17807 BUND Trader 17808 Short Sterling Trader 17812 Long Gilt Trader 17813 TECHNICAL STUDIES Europe Rates Technical Squawk Box 17818 Trend Intensity 17820 ECONOMICS & CENTRAL BANKS Economic Analysis 42331 Economic Calendar 42322 Events Calendar 42326 European Central Bank Outlook 42328 ECB Policy Record 42352 Bank of England Outlook 42329 Other European Central Banks 42330 EU-9 Central Bank Snapshot 42356 JAPAN Reuters Index 2230 Japan Headlines 2232 Japan Squawk Box 2234 DAILY MARKET EVENTS Market Call 26274 JGB Auction Report 26273 Asia-Pacific Economic Monitor New Issue Monitor 27043 TRADING PAGES JGB Trader 2242 Euroyen Trader 2244 TECHNICAL STUDIES Japan Rates Technical Squawk Box 2240 Japan Trend Intensity 2243 ECONOMICS & BANK OF JAPAN Economic Analysis 2388 Economic Calendar 2385 Annual Calendar Events Calendar 2387 Bank of Japan Outlook 2394 Asia-Pacific Economic Monitor AUSTRALIA & NEW ZEALAND ECONOMICS & CENTRAL BANKS Economic Analysis 42342 Economic Calendar 42341 Annual Calendar Events Calendar 42348 Reserve Bank of Australia Outlook 42347 Asia-Pacific Economic Monitor ASIA-PACIFIC ECONOMICS & CENTRAL BANKS Economic Analysis: China 57061 Hong Kong 57067 Indonesia 57133 India 57139 Korea 57145 Malaysia 57151 Philippines 57157 Singapore 57163 Thailand 57169 Taiwan 57175 Economic Calendar 57075 Annual Calendar Events Calendar 42320 Economic Snapshot 57078 Central Bank Snapshot 57079 Asia-Pacific Economic Monitor SWAP RATES Swap Rates Index 42275 USD Swap Rates 42276 CAD Swap Rates 42277 AUD Swap Rates 42278 NZD Swap Rates 42389 GBP Swap Rates 42279 ZAR Swap Rates 42280 EUR vs 6m Euribor 42281 EUR vs 6m Libor 42385 EUR vs 3m Euribor 42284 CHF Swap Rates 42282 JPY Swap Rates 42283 PLN Swap Rates 42285 CZK Swap Rates 42286 SEK Swap Rates 42287 DKK Swap Rates 42386 NOK Swap Rates 42384 SGD Swap Rates 42288 KRW Swap Rates 42387 HKD Swap Rates 42289 Swaps Database Tool (97605) USING THE PAGE GUIDES: HOW TO QUICKLY ACCESS IFR MARKETS CONTENT In Thomson Reuters Eikon Navigate to News & Research and select IFR Markets Enter a page number prefixed with TGM in the Eikon search box to launch a quote page, eg TGM 2400 or IFRINDEX In IFRMarkets.com Navigate to Guide for a complete list of IFR Markets content by region and asset class Enter a page number in the search box, eg 2400 Bold text indicates key feature. 8
IFR Markets Rates Email Newsletters NAME DESCRIPTION AUDIENCE Europe Rates Outlook Europe EGB Close Europe Rates Techs US Morning Meeting New York Outlook US Treasury Close An early morning brief recap of overnight price action in Asia with more in-depth commentary and analysis of the upcoming key European daily events, as well as EGB bond market bias for the day ahead. A daily summary and analysis of European market activity, news, events and price action and the likely impact on markets going forward. Technically based, longer term analysis of pertinent developments in a wide range of markets. A recap of movements in overseas markets and economic data, as well as a preview of upcoming Stateside data and events inclusive of a trading bias for US Treasuries. Signature US Rates piece that sets up the trading day for readers via distilling a myriad of topical global events into an actionable/tradable narrative. A daily summary and analysis of US Treasuries, news, events and price action and the likely impact on markets going forward. Fixed income sales and trading and those in tangential markets including fund managers and hedge funds. Fixed income sales and trading and those in tangential markets, including fund managers and hedge funds. Sales, trading and hedge funds. Key target audience is sales and trading, and clients interested in global markets and macroeconomics. Key target audience is sales and trading, and clients interested in global markets and macroeconomics. Key target audience is sales and trading, and clients interested in global markets and macroeconomics. MBS Open and Close Daily summaries analyses of US MBS markets Key target audience is sales and trading, and clients interested in global markets and macroeconomics. US Weekly Previews Employment Preview and US Week Ahead in Economics. Clients interested in the calendar of US economic indicator releases, Fed speakers and Treasury auctions. Canada Includes Canada Close, Canada Morning Meeting, and Week Ahead in Canada. CMM is an opening briefing on the day ahead; Close is a daily recap of the day s data, flows, capital mkts activity. Week Ahead is a preview of the coming week s data and events. Investors, sales and trading, capital markets syndicates and origination. 9
Forex IFR markets Forex Watch and Reuters FX Buzz together provide the most complete intraday intelligence and analysis on spot currency, FX options and the broader macro backdrop. FOREX HOME PAGE GIVES QUICK ACCESS TO KEY CONTENT: Concise, easy-to-read bullet points on key levels and market chatter Technical and macro charts to help you make decisions Team of 20 analysts and 4 editors who you can contact directly Coverage of all major FX pairs and the most traded EM pairs FEATURES INCLUDE: Squawk Box Eur/USD Trader Global Calendar USD/JPY Trader Position Summary Forex Open 10 Sample FX Global Landing Page
IFR Markets Forex Email Newsletters NAME DESCRIPTION AUDIENCE Europe FX Open US FX Open Asia FX Open Asia Weekend Notes Written by analysts in the Asia-Pacific region and delivered before the European markets open, the Open provides a detailed summary of market activity from the preceding trading session, including market moves, technical analysis, news and trends plus upcoming data. Written by analysts in London and delivered before the US markets open, the Open provides a detailed summary of market activity from the preceding trading session, including technical analysis, news and trends plus upcoming data. Written by analysts in the US and delivered before the European markets open, the Open provides a detailed summary of market activity from the preceding trading session, including market moves, news and trends, plus upcoming data. Weekend news round-up, preview of upcoming G10 economic data and central bank events, analysis of previous week in FX and technical analysis across FX, bond and equity markets. FX sellside trading and sales, analysts, economists; buyside macro analysts, portfolio managers and hedge fund managers. FX sellside trading and sales, analysts, economists; buyside macro analysts, portfolio managers and hedge fund managers. FX sellside trading and sales, analysts, economists; buyside macro analysts, portfolio managers and hedge fund managers. FX sellside trading and sales, analysts, economists; buyside macro analysts, portfolio managers and hedge fund managers. 11
Eikon New Issues Monitor Track real-time developments in the Global Bond Markets. Thomson Reuters Eikon s New Issues Monitor is powered by IFR content. Real-time reporting on deals in the market feeds into a powerful database, giving users access to essential new issues data as it s released plus related news content. Configurable views allow users to easily filter for the issuers, markets and deals that they re following. Sort by Date, Issuer, Term, Deal Status, Deal size, Currency, and more. Submit deal details and feedback. Click to view a detailed summary of the deal. Comprehensive bond description with quick access to Eikon functions including calculators, news, quotes, and more. ENTER FINIM IN SEARCH TO ACCESS THE NEW ISSUES MONITOR. 12
IFR magazine and more Thomson Reuters Eikon users can now access the full range of IFR editorial content, including IFR magazine and IFR briefings, through the IFR App Latest updates from IFR s capital markets and fixed income news flow. People & Markets news and commentary. Regular Special Reports and Roundtable supplements. ENTER IFRI IN SEARCH TO ACCESS THE IFR APP 13
To find out how IFR Markets can benefit your business visit Financial.thomsonreuters.com/Ifr Europe: +44 (0)20 7542 4569 Americas: +1(646) 223-5543 Asia Pacific and Japan: +65 938 37395 ifr.clientsupport@thomsonreuters.com LONDON 30 South Colonnade Canary Wharf London E14 5EP Tel +44 (0)20 7250 1122 NEW YORK 3 Times Square New York, NY 10036 Tel +1 (646)223-5543 BOSTON 22 Thomson Place Boston, MA 02210 HONG KONG 10/F Cityplaza 3 14 Taikoo Wan Road Taikoo Shing, Hong Kong Tel +852 2522 4159 SINGAPORE 18 Science Park Drive Singapore 118229 Tel +65 6775 5088 SYDNEY 60 Margaret Street Sydney NSW 2000 Tel +61 2 93218254 Thomson Reuters Global Markets, Inc. is a Registered Investment Adviser. Thomson Reuters Global Markets disclosure statement is available on the at ifrmarkets.com/sec-filings Visit thomsonreuters.com For more information, contact your representative or visit us online. 2015 Thomson Reuters. S025686 B 0915. Thomson Reuters and the Kinesis logo are trademarks of Thomson Reuters.