Q3 treasury broking results bring ray of light for Reuters

Reuters said usage revenues from treasury broking were up 5% over Q3 last year, due to increased volatility in foreign exchange markets, which drove an upturn in activity in spot and forward matching.

But revenues from sales of systems in the treasury group -- dubbed outright revenues -- were down 44% year-on-year for Q3 to just £10 million.

Reuters attributed that to "customer reluctance to commit to IT investment in the current environment."

Nevertheless, the firm remains bullish on longer-te