Reuters' ADRS Fall On Downgrade Reports Of Dealing 2000-2 Delays
TECHNOLOGY
Reuters Holdings PLC's American depository receipts (ADRs) took a nosedive last week after an analyst at Wertheim Schroder had downgraded the stock. The analyst, Michael Ellman, acted in response to reports that beta testing of the company's order-matching system for foreign exchange trading, Dealing 2000-2, had been delayed (FX Week, Aug. 17).
Dow Jones reported on the morning of Aug. 16 that Reuters ADRs had dropped "nearly 8 percent", to 53 1/8 in over-the-counter trading. By the close of the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Most read
- Are market-makers better at dealing with central bank intervention?
- Navigating the T+1 implications for FX traders
- Asia FX Awards 2024: The winners