RTS Reports Increased Revenue And Announces Instinet Float
NEWS
LONDON--Reuters Trading Solutions’ (RTS) revenue for Q3 increased by 4% to £196 million (US$286 million), as revenue from transaction products "held up well", says Peter Job, Reuters chairman last week.
Job noted that the "cold winds" of 1999 -- i.e. worries surrounding the euro and Y2K that slowed business -- seem to have disappeared, and that demand for enterprise software is increasing. The earnings statement points to "significant sales to a number of large customers".
"The rate of
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