FX Week

Reuters Reports Transaction Products Sector Grew By 21 Per Cent In 1996

SERVICES

Reuters reports an 8 per cent improvement in its year-end 1996 revenues, to £2.914 billion ($4.953 billion) from £2.703 billion ($4.595 billion), in a year-over-year comparison. Transaction products grew by 21 per cent for the same period, once again proving to be the fastest growing product range for Reuters.

In its results report, Reuters says Globex, the after-hours electronic trading system, is not likely to continue beyond 1998, as the original partners develop their own systems. This p