Just an hour before their letter of intent was set to expire, Citicorp and Reuters came to terms and on March 31 Reuters became Quotron's new owner. With the formal purchase, Reuters has embarked on a two-year plan whose goal is to integrate Quotron's business into Reuters America.
Since cutting the deal -- in which Citi gives Reuters $80 million -- Reuters has made clear that it will continue to support Quotron's IBM RS/6000-based Advantage AE service. The new parent will also retain "at lea
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails