REUTERS LAUNCHES FOREIGN EXCHANGE TRADE MATCHING SYSTEM
REUTERS LAUNCHES FOREIGN EXCHANGE TRADE MATCHING SYSTEM LONDON, April 16 /PRNewswire/ -- Reuters will launch the first
international computerized matching service for foreign exchange trades on April 29, the company announced today.
The service is the second phase of Reuters existing Dealing 2000 product, on which a substantial portion of the world's spot foreign business is already conducted. It adds automatic matching of best bids and offers to Dealing 2000 Phase I, which allows clients to negotiate deals with their chosen counterparties on some 17,000 screens in 80 countries. Currencies available for automatic matching initially will be dollar/mark, dollar/sterling and dollar/yen. Around 20 major banks in London and New York are expected to have access to matching facilities at launch. Dealing 2000's matching facilities will be expanded to cover other currencies and will be extended to users in financial centers in Asia and Continental Europe in due course. Reuters Holdings PLC (NASDAQ: RTRSY) supplies global business community and news media with a wide range of products including real-time financial data, transaction systems, access to numerical and textual historical databases, news and news pictures. Reuters has a controlling interest in Visnews, the international television news agency, and Reuter Group companies design and install trading room systems. Information is obtained from around 180 exchanges and over- the-counter markets, from some 3,860 subscribers who contribute data directly to Reuters, and from a network of about 1,300 journalists, photographers and cameramen. Reuters distributes information through approximately 202,000 video terminals and teleprinters. This includes clients' own terminals that receive Reuter data. -0- 4/16/92 /FIRST AND FINAL ADD -- BACKGROUNDER -- TO FOLLOW/ /CONTACT: Robert A. Crooke, 212-603-3587, or (investors) Michael J. Reilly, 212-603-3580, both of Reuters/ (RTRSY) CO: Reuters America, Inc.
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|Date:||Apr 16, 1992|
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