HSBC to Use Reuters-AVT
CONNECTIVITY
LONDON--Reuters’ share price rose last week ahead of its first quarter results following news that the London-based vendor had signed HSBC as the first client of a white-label foreign exchange (FX) service that incorporates technology from trading systems vendor AVT, recently acquired by Reuters.
Reuters purchased AVT, a privately held UK company, last year to update its legacy Automated Dealing (AD) FX trading solution rather than do the development work itself (TTW, December 9, 2002).
The bank
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