Reuters To Buy Money Match, Sequor's Eurodeposit System
PROPRIETARY EXECUTION
Reuters Holdings PLC is set to acquire Money Match, an order-matching system for money market deposits and derivative instruments developed by Security Pacific National Bank's Sequor Group unit. The two companies are in final stages of negotiation regarding the purchase, according to sources close to the deal.
Money Match isn't currently in use by Security Pacific. But sources say a prototype version of the system has been demonstrated to interested parties.
The system is designed to match orders
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