Reuters buys risk management specialist

NEWS

Application Networks, based in London and Palo Alto, California, produces the JRisk derivatives trading platform. JRisk, used by several investment banks including JP Morgan, Société Générale and UBS, provides trade analysis, processing and documentation for forex, credit, equity, interest rate and hybrid derivatives.

It will be rolled into Reuters' trade and risk management group, which provides software to traders, risk chiefs and operations managers. The JRisk software will be combined with

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