Reuters Profits From FX Turmoil In 1992; Hints Of New Derivatives Products

At a press conference last week in London to announce Reuters' 1992 results, chief executive Peter Job said the turbulence in the Exchange Rate Mechanism in the past several months was "good for our FX business."

The company benefited from Black Wednesday and its aftermath in another way, said finance director Rob Rowley, who also spoke at the conference. Rowley said that since some 80 percent of Reuters' income comes from currencies other than sterling, the U.K.'s opt-out of the ERM and the