Refinitiv US LLC

Refinitiv US LLC (doing business as Oden – Cancelled), a subsidiary of Reuters News & Media Inc. and a division of London Stock Exchange Group PLC, is a financial data and analytics platform provider operating as a prime contractor on full-and-open federal civilian procurements with no set-aside participation. The company delivers subscription-based access to proprietary financial market data, risk screening databases, and web-based analytical tools supporting regulatory oversight, market surveillance, and economic research across civilian agencies.

Refinitiv's federal capability portfolio centers on four concrete service lines: real-time and historical financial market data platforms (Eikon, Workspace, Knowledge Direct Global Fundamentals) delivering equities, fixed income, commodities, foreign exchange, and derivatives pricing; risk screening and sanctions databases (World Check One, World Check Risk Intelligence) for compliance and due diligence; specialized sector-specific data subscriptions including municipal bond data, merger and acquisition analytics, crop production forecasting, and syndicated loan data; and cross-market intelligence datasets including tick history, news archives, and corporate regulatory releases. Representative prime awards include a $23.1 million Securities and Exchange Commission contract for the Market Information Data and Analytics System (MIDAS) handling near-real-time processing of billions of daily market messages (awarded January 2023), a $10 million Treasury Departmental Offices definitive contract for Refinitiv/LSEG News Archive, Tick History, and corporate regulatory releases data supporting the Office of Financial Research (awarded September 2024), a $13.1 million SEC financial data sources subscription delivering time-series economic and company data through an information platform (awarded April 2022), and a $3.5 million Department of Energy Energy Information Administration contract for LSEG data subscription licenses, Workspace analytical tools, and API data streaming services (awarded April 2026).

Customer concentration is sharply skewed toward financial regulatory agencies. The Securities and Exchange Commission dominates both volume and dollar value, accounting for 20 awards worth $66.5 million in combined potential value. Treasury Departmental Offices represent the second-largest customer by dollars ($17.2 million across 5 awards), followed by Treasury's Internal Revenue Service ($2.6 million, 10 awards) and Treasury's Office of the Comptroller of the Currency ($2.3 million, 6 awards). DoD service branches—Air Force, Navy, and Army—place the second-largest volume of awards by count (19, 18, and 13 awards respectively) but carry substantially lower dollar values, indicating smaller task order sizes. These five customer categories account for 89% of Refinitiv's combined potential value across all awards in the source.

Refinitiv holds positions on five named federal vehicles: Federal Supply Schedule GS02F4076A (15 task orders), Federal Supply Schedule GS02F50226 (10 task orders), Basic Ordering Agreement DABT5982G0002 (4 task orders), Federal Supply Schedule GS02F9421D (4 task orders), and Alliant II (2 task orders). The GSA schedules represent the primary vehicle footprint, enabling task order placement by civilian agencies without separate competitive procurement.

Activity volume has declined year over year from 9 awards in 2022–2023 to 11 in 2024, 7 in 2025, and 6 through mid-2026—a contraction driven by extended contract periods on high-value awards rather than increased transaction count. Eleven awards with combined potential value of $45.3 million face ultimate completion within the next twenty-four months, creating recompete exposure for the vendor and recompete opportunity for competitors. The recompete cliff includes the SEC's $23.1 million MIDAS contract (ultimate completion January 2028), Treasury Departmental Offices' $10 million LSEG data contract (August 2029), and several smaller renewals.

Across SCI-reportable service contracts, Refinitiv recorded $2.8 million in invoiced revenue in FY2025; no invoiced revenue appears in FY2022–2024 in the SCI dataset, indicating the vendor's federal service-contract activity above the $150,000 reporting threshold is recent and concentrated. The SCI dataset shows zero FTE allocation across all fiscal years covered (FY2022–2025), reflecting Refinitiv's delivery model: the company supplies data platform subscriptions and analytical tools through software-as-a-service rather than deploying federal labor. Across SCI-reportable prime contracts, zero percent of hours are performed by subcontractors, consistent with Refinitiv's role as a pure-software vendor managing internal delivery.

Refinitiv operates as a prime on 99% of awards (199 of 202 total) and carries minimal subcontract footprint (3 sub-awards). Named subcontract work includes World Check Risk Screening supply chain risk assessment support delivered under Booz Allen Hamilton (May 2024 and May 2023) and business intelligence data delivery under Applied Research Associates (April 2022). The subcontract structure reflects Refinitiv's data-centric positioning rather than a systems integrator or labor-for-hire profile—the company feeds specialized data capabilities into larger defense or security programs rather than competing for prime systems work.

The "Oden – Cancelled" designation in the vendor name carries no award activity in the source data and appears to be a historical or administrative artifact not reflected in current federal contracting. The parent company Reuters News & Media Inc. is registered as a non-profit organization and business entity; Giact Systems, LLC is listed as a subsidiary but carries no federal award activity in the source. Federal agencies consistently award to Refinitiv US LLC by legal name rather than Reuters parent or subsidiary entities.