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

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: