Reuters Buys Gissing for Contributions Tech

Reuters' acquisition of Gissing is part of a broader strategy within the sales and trading division to carry out a "comprehensive technology refresh" across its technology stack and delivery chain, according to Mark Redwood, global head of sales and trading at Reuters.

The growth of OTC instruments traded by more specialized firms, and growth in emerging markets, where it is important to source data from local participants are two factors making contributions technology more important.