announced it is working with Microsoft and 25 leading financial institutions
to develop Reuters.Net Messaging, a new high security instant messaging (IM)
service and contacts directory for the world's financial services industry.
The service will be launched on Microsoft's new standards-based (Session
Initiation Protocol) software and service communications platform.
The service will use Microsoft's communications technology, enabling Reuters
to offer financial institutions a fast, cost effective, encrypted, and
firewall-compliant communications channel covering their entire organisation
and extending out to reach their own customers and suppliers.
Reuters.Net Messaging is a key element in Reuters strategy to work with
customers to build a suite of communication and collaboration tools for the
financial markets professional using internet technologies.
While financial institutions have depended on messaging for several years,
many of the existing solutions do not meet all of their requirements.
Reuters position at the heart of the global financial industry and
Microsoft's expertise in the development of business software mean the
companies are uniquely placed to work together to meet this need within the
The global directory will allow industry professionals to create powerful
networks of instantly available contacts and to conduct dynamic, text-based
Reuters will work closely with customers to develop tailored solutions for
individual clients using Microsoft's standards-based platform technology.
Development will focus on the ability to integrate with in-house systems and
Reuters own services such as Reuters 3000 Xtra. The service will be
available over the Internet and the Radianz financial services network for
those customers who require high-speed performance and additional security.
Tom Glocer, Reuters Chief Executive designate, said: "Reuters.Net Messaging
is at the heart of our strategy to develop next generation tools to
facilitate collaboration within the global financial services community. By
working with the latest standards-based technology from Microsoft, we will
offer our customers a suite of communications tools for use within their
firms and with external counterparties. In an industry where security,
reliability and speed are paramount, Reuters.Net Messaging will deliver a
genuine competitive edge."
"We're working with Reuters to bring a new, world-class real-time
communications solution to the financial services industry," said Steve
Ballmer, CEO of Microsoft. "By combining Reuters knowledge of financial
markets with the power of Microsoft's new technologies such as the
Microsoft.NET Enterprise Servers, we will enable financial companies to
provide more efficient and secure communication for their customers."
The Microsoft platform for this service will be based on the Session
Initiation Protocol (SIP), an Internet Engineering Task Force (IETF)
standard for enabling secure, reliable real-time collaboration between
multiple PCs and other devices. SIP enables instant communications services
supporting instant messaging, voice, video, and other collaborative
resources - all of which can include the benefits of presence to give users
more control over how others communicate with them.