Reuters attributes Q3 results to growth in algorithmic trading
NEWS
The vendor specified increases in algorithmic trading, which has multiplied demand for high-speed datafeeds, and the contribution of transaction fees from electronic trading as significant contributors to the $631 million earnings.
Sales of FX trading and post-trade products also increased. The Reuters Electronic Trading dealing system, used by banks to trade electronically with customers, reported sales growth of 71% in the third quarter.
A weaker US dollar reduced third quarter growth by 1.3
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