FX Week

Reuters’ dealing systems in decline


LONDON -- Continued pressure in the FX market dragged Q1 revenues down by 9% for Reuters’ transaction products group, the company said.

But, with new markets available, the firm has not lost too much market share.

"Overall, Reuters’ position and participation in the foreign exchange market is trailing down a less significant slope than perhaps just the naked percentage, which reflects the core dealing activity," said Tom Glocer, chief executive officer designate.

Reuters Dealing Solutions has