Reuters And ICAP Enter into Extended Data Agreement.LONDON -- Reuters (LSE LSE - Language Sensitive Editor :RTR) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RTRSY) and ICAP (1) (Internet Content Adaptation Protocol) A high-level protocol for requesting services from an Internet-based server. iCAP provides a common format for requesting services using standard HTTP messaging. plc (LSE:IAP (Internet Access Provider) See ISP. IAP - Internet Access Provider ), the world's largest inter-dealer broker, have agreed to enter into a new five-year agreement which will continue to bring Reuters and Telerate customers an extensive range of ICAP's benchmark fixed income, interest rate and foreign exchange data. The ICAP deal supports Reuters aims to bring financial professionals leading data and trading capabilities. This agreement replaces and significantly extends both Telerate's and Reuters previous agreements with ICAP. It maintains Telerate's exclusive distribution arrangement for the BrokerTec US Treasury pricing and swaps data found in Telerate's 'benchmark pages' (in particular pages 500 and 19901), which will be extended to Reuters users. The arrangement also includes new data sets that ICAP has previously not made available to either company including information relating to energy, commodities, credit, fixed income and interest rates. This content will be available to the Reuters and Telerate client base starting from today. Tom Glocer, Reuters CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said: "Reuters is delighted to be extending and enhancing our relationship with ICAP. The ICAP agreement follows a raft of major initiatives at Reuters including the acquisition of Telerate and the launch of fixed income and foreign exchange trading Foreign Exchange Trading or FX Trading, clients are able to hedge against, or speculate upon, changes in the exchange rate of two currencies. For example, a speculator can long EUR/USD in foreign exchange market in order to profit from capturing the appreciation of Euro against the over Reuters desktops. We believe the combination of the high quality content from ICAP, the new Telerate community and Reuters own leading data and trading capabilities will set us apart and bring our customers a winning solution." Michael Spencer, Group CEO, ICAP, commented: "ICAP believes that the Reuters acquisition of Telerate will be seen as very positive for the marketplace. With the additional ICAP information, inclusive of the US Treasury prices, and Reuters impressive distribution capabilities, their clients will now be able to access ICAP's benchmark data. We look forward to continuing our successful and long standing relationship with Reuters." This agreement follows an earlier announcement issued today in which Reuters announced it has completed its acquisition of Telerate. Terms of the agreement were not disclosed. About Reuters Reuters (www.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 14,500 staff in 91 countries. This includes 2,300 editorial staff in 196 bureaux serving 129 countries, making Reuters the world's largest international multimedia news agency. In 2004, Reuters Group revenues were GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.9 billion. Reuters and the sphere logo are the trademarks of the Reuters group of companies. About ICAP ICAP is the world's largest voice and electronic interdealer broker with a daily average transaction volume in excess of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1 trillion, 50% of which is electronic. The Group is active in the wholesale market for OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). derivatives, fixed income securities, money market products, foreign exchange, energy, credit and equity derivatives. Please refer to www.icap.com for more information. |
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