FINANCIAL PRODUCTS
INFORMATION PRODUCTS
Information products deliver realtime and historical news and financial data to customers within the financial markets and provide the software tools to analyse data. Reuters main offerings are the series 2000 and 3000 product lines. Information management systems offer customers the means to integrate and analyse data from a variety of sources for financial trading rooms. Risk management, order handling products and customised solutions from TIBCO offer customers the means of managing their own information flows and exposure to risk.
TRANSACTION PRODUCTS
Transaction products principally comprise the Dealing 2000 product line and Instinet. Dealing 2000 products enable foreign exchange professionals to converse electronically with chosen trading partners using Dealing 2000-1 or Reuters automated matching system Dealing 2000-2. Instinet provides agency brokerage services in global equities to securities industry professionals in more than 30 countries.
CUSTOMERS: Most of the world's leading financial institutions. Traders, brokers, dealers, analysts, investors and corporate treasurers use both information and transaction products.
COMPETITORS: Reuters is a market leader in most of these sectors. Its principal competitors are Bloomberg, Bridge Information Systems and Dow Jones Markets. They offer differing levels of geographic spread and market coverage. In many countries there are national competitors. For information management systems, the principal competitors are CSK Software and Dow Jones Markets. The Electronic Broking Service is the principal competitor for foreign exchange. Instinet competes with other brokers for transactions in global equity order flow, and delivers its services using both advanced computer and traditional telephonic technology.
OUTLOOK: The new 3000 series, which packages historical data and analytics along with prices and news, is selling strongly and is well-received by customers. While there are signs of consolidation among customers in several geographical markets, there is more rapid deregulation in Asia which is expected to be positive for our business over time despite the present short-term market instability. The addition of new products and expansion into emerging markets play a significant role in Reuters Transactions products growth strategy.
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