Printer Friendly

Personal Finance: Reuters taking on a new image.

Reuters is fast restyling its image as the world's best-known news agency.

The US giant now dubs itself a financial information specialist.

Today it is co-sponsoring Charles Schwab's annual conference for private investors in Birmingham.

And this month has also seen the group unveil expansion plans for its Instinet electronic equities dealing service.

Reuters is pumping cash into the venture to enable it to gain a foothold in bond markets on both sides of the Atlantic. Some analysts believe Instinet has already received more than pounds 25 million of investment, with dozens of staff hired to develop trading systems based on Java language.

The Reuters' division was established to operate in the USA's hi-tech stock exchange, Nasdaq. It currently holds around 20 per cent of that market but competition is fierce.

The world's bond markets are equally tough but, with trillions of pounds of business at stake, Reuters clearly feels it can establish a profitable presence.
COPYRIGHT 1999 Birmingham Post & Mail Ltd
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Birmingham Post (England)
Date:May 15, 1999
Previous Article:Personal Finance: b2 proves huge success.
Next Article:Personal Finance: In the Pink for mortgage escape route.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters