JP Morgan To Let Reuters Manage, Sell New Versions Of Riskmetrics VAR

APPLICATIONS & PRODUCTS

JP Morgan has agreed to hand Reuters day-to-day management of the firm's pioneering Riskmetrics risk data service, as part of an agreement announced last week by the information vendor and the New York-based investment bank. The two will jointly develop Riskmetrics into a more sophisticated value-at-risk (VAR) analysis service, which will be sold for a fee.

The current version of Riskmetrics will continue to be available over the Internet at no charge. Reuters will make the service available to

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