HSBC AVT Deal Questioned
CONNECTIVITY
LONDON—Reuters’ global deal to supply HSBC with a new version of its Automated Dealing (AD) foreign exchange (FX) software incorporating technology from AVT Technologies might not be the revenue-generator that Reuters expects.
Industry sources have raised questions about the agreement, announced last month, and suggest that HSBC may not have to pay for the new technology--claims that Reuters officials hotly deny. HSBC officials did not return repeated calls by press time.
Last month Reuters
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