Reuters' Tibco, Trading Room Systems Post Healthy Gains For Third Quarter
PRODUCTS &VENDORS
LONDON--Reuters reported better-than-expected results for the third quarter, driven by a 27 per cent increase in revenue from its Instinet equities trading system. Trading room products also performed respectably, based on the closest measures of growth.
While scant mention was made of trading room products in either the Reuters results announcement or remarks by chief executive Peter Job in a conference call with analysts, the company's Tibco unit posted a 41 per cent increase in revenue for the
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