RNS launches new product as part of disclosure service

The London Stock Exchange's Regulatory News Service (RNS) launched a product this week aimed at speeding up and simplifying the company announcement process for financial PROs.

RNS Submit, a Word-based product, is planned to improve the time-consuming process of converting financially sensitive data from Word and Excel into ASCII - the standard code used by computers to exchange written communication - when it goes live on 7 April.

All Primary Information Providers (PIPs) are required to convert information into ASCII before sending it to secondary providers such as Reuters and Bloomberg.

Head of RNS Simon Wilkinson, said: 'RNS Submit takes some of the effort out of the conversion process.'

The service is part of a £15m investment the LSE has made in its disclosure services in the last three years.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in