Reuters sells stake; GL buys options firm
21 Jun 2004
Reuters has sold its entire 34.2% stake in GL Trade. Meanwhile, GL announced its purchase of Dutch options market making software firm Iris, with effect from 1 July.
According to Reuters, the divestment was part of its ongoing rationalisation plan, dubbed "Fast Forward" with Reuters' cfo David Grigson saying that his firm "expects...
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