Reuters’ forex growth eases dip in treasury

Reuters’ treasury business revenue was £513 million for the six months ending June 30, a fall of 11% from £577 million in the first six months of 2002.

But "strong performance in both spot and forwards matching" contributed to an increase of 20% in usage revenue for Reuters’ treasury products in the first half of 2003, said the report. Surges in spot volume were particularly evident in euro/dollar and emerging currency pairs, it added.

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