Instinet Pulls Reuters Through Again; IMS Up In Q3
VENDOR STRATEGIES
Once again, Reuters' revenue report was highlighted by the performance of Instinet, which posted a 44 per cent jump in revenues for the third quarter, excluding currency fluctuations. Reuters' revenues were up 10 per cent ex-currency overall for the three months ended September 30, a slight improvement over the 8 per cent increase the vendor reported for the second quarter and the 9 per cent posted in the first.
While Instinet was the star for the quarter, the unit's strong performance is nothing
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