Mostly… fixed income and cross product eTrading

July 9, 2007

Reuters to sacrifice RTFI

Filed under: etrading — holky @ 7:44 pm

Sunday Telegraph says Reuters is prepared to sacrifice its fixed income trading platform and Multex databases dealing with Estimates and Fundamentals in order to win regulatory approval for its $8.8 billion merger with ThomsonThe prime candidates for disposal are Reuters’ electronic bond trading platform (RTFI) and two databases that collect financial statements and press releases from 50,000 firms, as well as forecast data from analysts at 600 brokers.

According to the report, Reuters’ Trading for Fixed Income – launched in February 2005 with support from ABN Amro, BNP Paribas, Goldman Sachs – is likely to be closed or sold in favour of Thomson’s more successful TradeWeb platform.

Divisions earmarked for disposal could be put up for sale or simply closed, with staff reallocated to other parts of the company. Decisions on disposals are expected after the summer.

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4 Comments »

  1. If Reuters look to “sell” RTFI, there is the risk they’ll experience what I did when I went to sell my old, rusty FIAT 131 Superbrava back in 1995….I had to give the guy A$100 just to take it off my hands! 😦

    Comment by waratah — July 10, 2007 @ 2:33 pm

  2. Where does this leave LH ? They had signed Bloomberg and Reuters as distributors. TradeWeb were noticably keeping their distance from LH. So does this mean that “Reuters TradeWeb” will become an LH distributor, or does it mean that Reuters will back away from LH ?

    Comment by etrading — July 10, 2007 @ 3:36 pm

  3. […] you throw the “Reuters to Dump RTFI”news into the pot – then as waratah asked (albeit in not so many words) in his comment, how much […]

    Pingback by Liquidity Hub; Bloomberg or Reuters? « Mostly… — July 11, 2007 @ 6:21 am

  4. etrading, that is the big question for New Reuters. How do they manage the coexistance of LH with TW?

    I doubt they’ll drop LH as I believe the contracts specify a time period of service beyond (maybe) the takeover actually happening, plus why leave it all to Bloomie?

    They’ll certainly try harder than Thomson to “integrate” TW (Glocer has already mentioned TW linking with Reuters FX e-trading products).

    Maybe they will need to have two seperate teams, Chinese Walls and all that? As I said in Holky’s other post: it will be like the Cola Wars, just in the same company!

    Comment by waratah — July 11, 2007 @ 10:53 am


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