With poor performance of its Instinet subsidiary driving underlying first quarter revenue at Reuters down by 13% on last year, the company continues to look at new ways to expand parts of its business that play to its core strengths.
One of these areas is its trading and risk management systems business. In April it announced two deals with partners to leverage Reuters technology in offering outsourced services. One, with IBM, is for 'pay-as-you-go' risk management services for small and medium-sized financial services firms in the Asia Pacific region, while the other is a deal with HSBC to provide its partner banks and corporate customers with outsourced foreign exchange FX trading services...
