Reuters bullish on risk systems sales

“Looking ahead, we see market conditions worsening as financial services firms retrench still further,” said Reuters chief executive Tom Glocer in a statement released today. “[But] longer-term trends for treasury solutions sales are more positive with customers under pressure to improve their risk and credit management systems – areas where Reuters continues to invest,” the statement added.

Reuters said usage revenue from treasury broking services was up 5% due to increased volatility in foreign exchange markets, which drove an upturn activity in spot and forward matching.

But revenues from high-tier information products such as 3000 Xtra fell 4%, with access numbers down 12%.

Group revenues fell 7% during the third quarter to £855 million and prompted Reuters’ share price to tumble 18%.

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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