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Deutsche Börse’s Revenues Rise

German exchange group Deutsche Börse saw revenues from its information services business rise slightly to €121.9 million in 2003 from €121.5 million in 2002, despite a slight fall in the fourth quarter of last year to €29 million from €30.3 million for the same quarter the previous year. In contrast, earnings before interest and tax rose significantly for both the quarter and the full year--from €7 million to €11.1 million in Q4, and from €34.3 million to €45.4

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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