Reuters Dealing decline flattens in third quarter

TECHNOLOGY NEWS

LONDON -- The decline in demand for Reuters Dealing products may have bottomed out, according to the firm’s third-quarter interim results, announced two weeks ago.

Dealing systems’ revenues for Q3 were down by 7%, which was less than the 9% decline for the first half of 2001, year-on-year.

Julie Holland, manager of Reuters Treasury division in London, said: "There is good evidence to show that while overall headcount reductions are substantial in our clients, FX and money market front office