Reuters to Merge FX Solutions with AVT’s

- WatersTechnology Staff
- 09 Dec 2002

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LONDON--Reuters is to phase out its Automated Dealing solution and replace it with a best-of-breed system based on technology from UK foreign exchange software provider AVT Technologies, a privately-held company worth around £4 million that Reuters bought last week.

The replacement system will combine AVT’s EchoFX and EchoMM products for spot and forward FX and money markets trading, with parts of Automated Dealing (formerly TIB/Mercury FX). EchoFX is used by many of the top banks in e-FX, and

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