Reuters Invests In Sailfish, A Risk Mgmt. Software Vendor
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Reuters has purchased a 33 percent stake in Sailfish Systems Ltd. With some 10 employees, New York-based Sailfish has been developing and selling risk management software to the financial industry since 1992.
According to a spokesperson for Reuters in Europe, Reuters will not be taking a hands-on approach to Sailfish. Sailfish will "carry on acting independently," says the spokesperson.
Sailfish markets a suite of products covering counterparty risk, strategic risk and trading risk, says John
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