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With a wealth of information and functions available, it is easy to miss a few potentially useful commands in Thomson Reuters Datastream. Here are some examples relating to local equity indices and global ones. (This post assumes you are familiar with the basics of Datastream; please see the getting started guides or other posts for more.)
Local market index (LI and INDXL)
Given a list of companies (equities), it is possible to get time series data for the index which each company is listed on locally, specifically the price index (PI). The data type Local Market Index (LI) (green box in the image above) acts as a short cut to the following process for the equities Tesco PLC (TSCO) and Apple Inc (@AAPL).
- Identify the entity’s local index through the static datatype Assoc Market Index – Local (INDXL) (see the orange box in the image above).
- For each index, select the Price Index (PI) for the date range required (see the blue box above).
World Market Index (TOTMKWD and others)
On a related but different note, it is possible to use many international and global equity indices that have been constructed in Datastream. One such index is the top level World-Datastream Market (TOTMKWD), covering over 6,000 active constituent entities.
There is a systematic set of codes for various countries, blocs and combinations, for all or selected sectors. They are also findable in the Navigator (see image above) and usable as any other Equity Index. The first five characters represent the sector, the last two digits represent part of the world, so you could use combinations such as the following.
- For the World market index at level 1 use: TOTMKWD
- For the French financials industry index at level 2 use: FINANFR
- For the Europe banks sector at level 6 use: BANKSER
For full details, go to the Datastream Extranet (via the Datastream Desktop application) and search for “Global Equity Indices User Guide”.
The newly released Windows 10 is a currently a free upgrade from Windows 7 and Windows 8.x. It claims to “transform the way you work and play” amongst other things. It also marks the launch of a new web browser Microsoft Edge, replacing the 20-year old Internet Explorer (IE). Edge is a great move forward for web developers and hopefully will be preferred by end users but, as always, change comes at a cost; the many legacy web-based platforms that were built for IE 6 or later may not work. Fortunately, IE 11 is still available for the sake of compatibility, but is using Windows 10 and multiple web browsers a smooth ride?
How compatible are our business databases with Windows 10?
Some of the specialist financial and business databases that The University of Manchester subscribes to have been tested below.
Not compatible with Microsoft Edge:
These two reputable products are widely used but they are built on old technology (old by web development standards). They were already limited to work on Internet Explorer only in Windows XP, Vista, 7, 8 and 8.1.
ThomsonONE.com shows a blank screen if loaded in Microsoft Edge.
Thomson Research will load but some of the dialog windows do not work in Microsoft Edge.
Solution: Click in the new Search box next to the Start button (bottom left of the screen), type “Internet Explorer” and open the old browser. From here, go to the Library website and find ThomsonONE.com in the usual way. (Note, if you try the option to “Open with Internet Explorer” from within Edge may not work for this website.)
Compatible with Microsoft Edge:
So far, I have found that all out other web-based specialist databases are compatible with Microsoft Edge.
Please comment below this post if you find otherwise! I will update this post as necessary.
A later post on Business Research Plus will explore databases that use Microsoft Office 2016 and Windows 10.
For UK companies
In Fame, the date of incorporation in the Company report, under the Legal & accounts information section.
For US companies
Use Field-Ritter Dataset of Company Founding Dates (Firms going public in the US 1975-2014, last updated 14 April 2014)
For companies in any country
In Datastream, Use a Static Request and the Worldscope datatypes:
- WC18272 – Date Company Founded
- WC18273 – Date of Incorporation
There are many relevant sources for working papers, including:
- Manchester Business School (MBS) Working Papers (2001 onwards)
- Bank of England Working Papers
- Cambridge Judge Business School Working Papers
- Cambridge Centre for Financial Analysis & Policy Working Papers
- EBSLG Working Papers European Business Schools Librarians’ Group (EBSLG) Working Papers
- Harvard Business School Working Knowledge Working Papers
- IMD (International Institute for Management Development) Working Papers
- IMF (International Monetary Fund) Working Papers
- London Business School Faculty Research Working Papers
- NBER Working Papers (the National Bureau of Economic Research)
- SSRN (Social Sciences Research Network) eLibrary and Partners in Publishing (papers by publisher)
- Wharton Financial Institutions Center
- Olin Business School’s Links to Working Papers in Business
- Business Source Premier (EBSCO): choose Document type of Working Paper
- EconPapers provides access to economics working papers
A common request in Thomson Reuters Datastream is to get all the companies in a particular country except for a few sectors. Previously, the Criteria Search function provided an easy way to this. Since Criteria Search is being phased out (it is not compatible with Internet Explorer 11), we have been looking at alternative approaches to some of these data requests. This example shows you one.
New request table
In this example, I have chosen the list WSCOPEUK which is a contituent list of all active, dead and delisted UK companies (over 5,000 in size). You may wish to try this approach out with something smaller first, such as LFTSE100 for the constituents of the FTSE 100 index.
The Request Type is TSL (time series for a list) and the Datatype is WC04225 (Extraordinary Items), from 01/01/2013 to 01/01/2015. The trick here is to choose Transpose and to include a custom header of the static datatype INDM4, which is the Level 4 Industry Name, with DS Code and Name as optional extras (so Format is HRCTF:INDM4,DSCD,NAME).
Custom headers were introduced in a previous post. Again, try this out with a small date range before you are happy with the output format.
Insert Excel table
Select the output results worksheet Sheet1.
Assuming you used Transpose in the Datastream request, there will be a row containing the headers such as Name, Industry Level 4 Name, DS Code and each date period (2013, 2014 and 2015 in this case). You can filter out certain rows by selecting the data from this row to the last row with content and choosing Insert > Table from the Excel menu (and tick “My table has headers”). Here, I selected cells A4 to G5331.
A filter icon appears at the top-right of every column. Click it in the industry column and untick the industry you wish to exclude (e.g. Financial Services(4)). Assuming you have the DS Code variable, you can now select cells from that column to create a new list and continue your research.
Datastream has a Worldscope constituent list for companies (equities) in most countries except the United States (which would be too large a list to use). These can be found in the Datastream Navigator by typing WSCOPE in the simple search box. A different industry classification may be required for some countries.
Definition of Insider Trading (from Investopedia):
The buying or selling of a security by someone who has access to material, nonpublic information about the security.
Companies in any country
- Search for the company you want.
- Click on the Company Analysis > Ownership folder, and select Insider Holdings or Insider Transactions report.
- Click “Click here for full history” for historic holdings (older than 24 months).
Use Capital IQ
- Search for the company you want.
- On the long menu down the left, choose Investors > Public Ownership, then the Insider Trading tab.
- Only the last 12 months are available.
Use Bloomberg (available in the Finance Zone and Precinct Library)
- Try Bloomberg function PHDC for a specific company (e.g. VOD LN <F8> PHDC <GO>) and select Insiders, sorted by size.
- You can also look up the biographies of executies/directors (BIO) and then choose Reported Holdings.
- For stocks that have experienced the most purchases and sales by insiders, type: INSD and hit Go. Use the fields at the top of the screen to select country, time period, type of transaction. Click on a stock to display a graph of its historical prices with date of insider transactions.
- For more info, type: insider and hit the green Help key <F1>.
Companies in the U.S. only
- Choose Thomson Reuters database, and then Insiders Data. Search by company ticker. Check the variables you want in your report.
For current annual reports, a company’s website is often the quickest and easiest option.
Databases that The University of Manchester subscribes to:
- PI Navigator: Include Annuals / 10K / 20-F (Company Reports and Accounts) in search criteria or select Perfect Filings tab and include Document Type UK Annual Reports or similar depending on your search.
- Mergent Archives: Select Search Mergent Achives for annual report search
- Thomson Research: Quick Company Search: and Content Profile, Filings
- Thomson ONE.com: Annual reports are under Filings tab
Annual reports websites
Try EDGAR for reports filed with US SEC.