# What to use instead of LSEG Eikon

LSEG withdrew Eikon on 30 June 2025 and moved its users to Workspace. For anyone leaving instead, six cards here each cover one piece of what Eikon did.

*https://stockmarketstack.com/alternatives/eikon*

## The subject

| Field | Value |
| --- | --- |
| Product | LSEG Eikon |
| Status | retired |
| Stopped serving | 2025-06-30 |
| Website | https://www.lseg.com/en/data-analytics/products/eikon-trading-software |
| Category | Fundamental Data & Stock Research Platforms |

The desktop terminal sold as Thomson Reuters Eikon, then Refinitiv Eikon — prices, fundamentals, Reuters News, an Excel add-in and a Python API behind one login and one set of instrument codes.

## Replacements

*Ordered by how much of the original’s job each one covers, closest first. Paid placement does not affect this order.*

1. [Koyfin](https://stockmarketstack.com/tools/koyfin.md) — The screen half of Eikon — charts, fundamentals, estimates, funds and macro on global equities in a browser, free to start and 49 dollars a month after.
2. [Wisesheets](https://stockmarketstack.com/tools/wisesheets.md) — The Excel add-in half — worksheet functions that pull financials, estimates and prices into cells, the way an Eikon workbook was built. 60 dollars a year.
3. [Financial Modeling Prep](https://stockmarketstack.com/tools/financial-modeling-prep.md) — The Python half for fundamentals — statements, estimates, transcripts and quotes over REST, where Eikon scripts called get_data with a list of field codes.
4. [GuruFocus](https://stockmarketstack.com/tools/gurufocus.md) — Financials and a deep screener whose terms name Refinitiv as the priority source for analyst estimates — the same supplier's consensus, sold outside LSEG.
5. [Daloopa](https://stockmarketstack.com/tools/daloopa.md) — For the analyst whose Eikon workbook was a company model — reported KPIs and segment data written into their own Excel file, each figure linked to its filing.
6. [Bigdata.com](https://stockmarketstack.com/tools/bigdata-com.md) — The news half, as an API — licensed premium news and filings for search and LLM grounding. Not Reuters, and the terms bar caching what it returns.

## The product

Eikon was the desktop terminal of the market-data business that began as Thomson Reuters'
Financial & Risk division, became Refinitiv in 2018, and has been part of London Stock Exchange
Group since LSEG completed its acquisition of Refinitiv on 29 January 2021. The ownership chain,
and why Reuters the news agency is a separate company, is set out in
[who owns market data](https://stockmarketstack.com/guides/who-owns-market-data).

For most of its users Eikon was four things behind one login: a screen of quotes, charts,
fundamentals and estimates; Reuters News on the desk; an Excel add-in that put the same data into
workbook formulas; and the Eikon Data API, a Python library that did the same for scripts. What
tied them together was one identifier — the RIC, LSEG's instrument code, `IBM.N` for IBM on the
New York Stock Exchange and `IBM.L` for the London line — and one vocabulary of field codes.

LSEG launched Workspace in 2020 and moved Eikon users onto it. At midnight GMT on 30 June 2025
Eikon was withdrawn from the product line and the service ceased. LSEG's product page, as read on
26 September 2026, says so in one line and points to Workspace.

## What to use instead

Most people reading this have two choices, not six: take the Workspace migration LSEG is offering,
or leave. If what you used was all four pieces — the screen, Reuters News, RIC-keyed workbooks and
Python scripts — Workspace is the short path, because nothing outside LSEG speaks the same
identifiers and the rebuild is the cost. Leaving pays off when you used one or two of them, which
is the usual case for someone whose employer or university licence ended with Eikon.

If what you had was **the screen**, [Koyfin](https://stockmarketstack.com/tools/koyfin) is the nearest in shape — global
equities, funds, macro and estimates in a browser, free to start. [TIKR](https://stockmarketstack.com/tools/tikr) is the
narrower answer if the screen you lived in was financials and consensus.

If what you had was **the Excel add-in**, [Wisesheets](https://stockmarketstack.com/tools/wisesheets) is the closest in
mechanics: functions in cells, taking ranges of tickers and periods, refreshed on demand. For a
full company model rather than a comps sheet, [Daloopa](https://stockmarketstack.com/tools/daloopa) writes reported KPIs and
segment splits into your own workbook, and is quoted by sales rather than bought.

If what you had was **the Python API**, [Financial Modeling Prep](https://stockmarketstack.com/tools/financial-modeling-prep)
covers the fundamentals and estimates calls, and the rest of the
[market data APIs](https://stockmarketstack.com/categories/market-data-apis) cover prices. [OpenBB](https://stockmarketstack.com/tools/openbb) would have
been the obvious layer over several of them; its company announced a wind-down on 25 August 2026,
so read that card before building on it.

If what you had was **consensus estimates**, [GuruFocus](https://stockmarketstack.com/tools/gurufocus) is worth a look for a
reason specific to this page: its terms of use name Refinitiv as the priority source for analyst
estimates, so the numbers may be the ones you were already looking at. Which terminals license
whose data is covered in
[where research terminals get their data](https://stockmarketstack.com/guides/where-research-terminals-get-their-data).

If what you had was **news as data**, [Bigdata.com](https://stockmarketstack.com/tools/bigdata-com) sells licensed premium
news and filings through an API. It is a retrieval service for search and LLM grounding, not a
headline feed to store.

## What you give up

**Reuters News on the desk.** LSEG sells Workspace on its Reuters News access, and nothing in this
catalogue carries that feed. Bigdata.com names Benzinga, the Financial Times, MT Newswires and
Risk.net among its sources; that is a different desk, and for anyone whose day began with the
Reuters wire it is the loss that shows first.

**One identifier across everything.** In Eikon a RIC meant the same instrument in the screen, the
workbook, the script and the news tag. Replacing it with three or four vendors means three or four
symbologies — Wisesheets uses Yahoo-style suffixes, the APIs each have their own — and a mapping
table you now maintain yourself.

**Breadth and the licence around it.** The picks here are equity-first. Financial Modeling Prep
states it has no bond data and carries no options; Wisesheets has prices only for FX and
commodities. And the self-serve plans on this page — Wisesheets, Financial Modeling Prep — are
personal-use licences. A number that moved round a team in an Eikon workbook needs an enterprise
agreement to do the same thing here.

## Migration notes

**If you are staying, the Python change is small but not zero.** LSEG's own upgrade article
(December 2023) maps it: `import eikon as ek` and `ek.set_app_key()` become
`import lseg.data as ld` and `ld.open_session()`, `ek.get_timeseries()` becomes
`ld.get_history()`, and errors are raised as exceptions instead of arriving as a second return
value. `ld.get_data()` returns every available field when you do not name any, which quietly
widens a DataFrame that downstream code indexed by position. A desktop session still needs
Workspace running on the same machine.

**If you are leaving, map identifiers before you move data.** Every workbook and script keyed on
RICs and `TR.` field codes needs a translation pass, and the durable key to translate through is
the ISIN rather than a ticker — see [CUSIP, ISIN and FIGI](https://stockmarketstack.com/guides/cusip-isin-figi-identifiers)
and [symbology](https://stockmarketstack.com/glossary/symbology). Do this first: a history stored under RICs is unusable
anywhere else until it is done.

**Read the licence you actually had.** LSEG's documentation for the Eikon Data API described it as
single-user and desktop-only, with the data not leaving the desktop. Scripts that were compliant
under that were compliant because they stayed on one screen. The replacements' personal plans
carry similar limits under other names, and anything shown to somebody else is
[redistribution](https://stockmarketstack.com/glossary/redistribution) — a contract question to settle before a line of the
new pipeline is written.

**Workbooks need the add-in that wrote them.** An Eikon or Workspace formula recalculates only
where LSEG's add-in is installed, and a Wisesheets function only where Wisesheets is. Daloopa
writes hard-coded values, which survive being emailed and do not update. Decide which you want
before rebuilding a shared model.

## FAQ

### When did Eikon stop working?

LSEG's developer portal says Eikon was withdrawn from the product line at midnight GMT on 30 June 2025 and the service ceased. LSEG's product page says the same and names LSEG Workspace as the successor, which it says it had been moving Eikon users onto since Workspace launched in 2020.

### Does my Eikon Data API code still run?

Against Workspace, it can. An LSEG developer article from December 2023 says the Eikon Data API is feature-complete and remains compatible with Workspace, but that its support and maintenance were discontinued. The supported path is the LSEG Data Library for Python, published as lseg-data, which also needs Workspace running on the same machine for a desktop session.

### What does Workspace cost compared with leaving?

LSEG does not publish a Workspace price on its product page, and this page does not repeat third-party figures. Get the quote before deciding. The comparison that matters is that number against the hundreds to low thousands of dollars a year the pieces on this page cost, plus the work of rebuilding every workbook and script keyed on LSEG instrument codes.

### Is there a drop-in replacement outside LSEG?

No. Nothing in this catalogue reads RICs, TR field codes or Eikon Excel formulas, and nothing carries Reuters News as a desk feed. Leaving means rebuilding the workbook and script layer against new identifiers and new field names, not swapping the data source underneath it.