Reuters bullish on risk systems sales
UK information and technology services provider Reuters believes the outlook for its treasury systems sales is positive, despite the overall downturn in the financial markets.
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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