Reuters Follows NewsML Initiative With Horizontal Specification for Market Data

Reuters, whose vision is to "make the financial markets work on the Internet" through its Business Transformation initiative, is set to invest £500 million in electronic business and views XML as pivotal to the way financial professionals will obtain and process online information in the future.

As director of electronic business capabilities at Reuters, Mark Hunt has the daunting task of "connecting the various XML development efforts at Reuters and producing a business strategy around these