Reuters plans electronic swaps foray
New angles
Reuters, the UK electronic information and dealing systems provider, appears to be positioning itself for a foray into the electronic broking of interest rate swaps. It has reached an agreement in principle to take control of the rate swaps platform developed by New York-based Icor Brokerage, which it bought half of in September 2001.
Former Icor president Neil Chriss confirmed the swaps platform deal with Reuters. “We did a pretty big deal with Reuters involving them effectively buying our
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