Reuters to acquire AVT Technologies

The deal brings together both firms’ off-the-shelf bank-to-customer FX trading platforms, which jointly count 50 client banks servicing 50,000 buy-side customers. Reuters’ Automated Dealing (AD) and AVT’s EchoFX products will now be managed as one business unit, called Reuters Automated Dealing Technologies (ADT). Former AVT chief executive Mark Redwood manages the unit, reporting to Julie Holland, managing director of Reuters Treasury Services in London. All 96 AVT staff will migrate into that

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