Q1 FX joy for Reuters
Volatility in the markets helped offset an 8% decline in revenue in Reuters’ treasury business. Usage in spot and forwards FX matching -- an area of relative success for the firm in recent years -- saw "strong growth".
The firm is trying to unseat market leader EBS in the electronic broking business, and has reported rising ticket sizes and a surge in volumes (FX Week, April 7). In March, the platform saw its biggest ever trading day, with $130 billion matched in forward FX and some 30,000 spot
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