Reuters to launch FX swaps

The announcement came on the publication of Reuters’ annual results, which showed that treasury business is driving the turnaround in the firm’s financial performance.

Tom Glocer, chief executive officer of Reuters, said the treasury group remains ‘a heartland’ for Reuters, in the face of competition from EBS and Bloomberg. Matching revenues were up 20% for 2003, compared to the previous year, on the spot and forward platform, "and in a couple of weeks we’re going to be rolling out FX swaps o