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REUTERS PROVIDES NEW FOREX APPLICATIONS FOR RT USERS

 REUTERS PROVIDES NEW FOREX APPLICATIONS FOR RT USERS
 LONDON, Aug. 6 /PRNewswire/ -- Reuters today announced the launch of


Reuter FxCalc, a real-time application for the Reuter Terminal (RT) offering a wide range of calculations for the foreign exchange market.
 FxCalc, an application running with the Microsoft(R) Excel(TM) spreadsheet, facilitates common calculations such as broken date swaps and deposits, as well as cross rates and interest rate arbitrage.
 Such operations would normally require the use of bespoke software or the time-consuming manual use of a calculator. However, with FxCalc, the user can access the most commonly used calculations with a few simple keystrokes.
 For more sophisticated operations, FxCalc offers users the ability to customize displays and calculations. This extends the potential target markets beyond the foreign exchange area, but where foreign exchange is a natural component of the main market. For example, portfolio managers can use FxCalc to run multi-currency portfolios.
 FxCalc was developed by the U.K. software house Spreadsheet Link Ltd and is marketed exclusively by Reuters. It will be offered at no extra cost to customers of Reuters Money 2000 who have the Excel Access option of their RT's. Launched this week in the U.K. and Ireland, FxCalc will be made available globally by the end of the year.
 There are currently some 25,000 RT's installed worldwide and about 40 percent have opted to take the Microsoft Excel spreadsheet.
 -0- 8/6/92
 /CONTACT: Robert A. Crooke of Reuters America, 212-603-3587/
 (RTRSY) CO: Reuters Holdings PLC ST: IN: PUB SU: PDT


PS-SM -- NY036 -- 7507 08/06/92 10:24 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 6, 1992
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