group, announced that over 225,000 financial professionals in 116 countries
have been registered for its new instant messaging service, Reuters
Messaging (RM). This significantly exceeds the company's aggressive target
to secure 175,000 registrations by the end of 2002.
Launched in October 2002, Reuters Messaging allows financial professionals
to communicate instantly with colleagues and customers and addresses the
specific business, security and regulatory requirements of financial
institutions. The service is available within key Reuters products or
Tom Glocer, Reuters Group CEO, said: "In the two months since launch we have
established Reuters Messaging as the leading online communications service
in the financial community. The power of Reuters Messaging lies in its
ability to work on any Microsoft desktop and provide fast, high-security and
reliable communications integrated into the systems financial professionals
use to do business. Our priorities now are to continue to expand the user
base, promote usage among specific communities and provide enhanced
collaboration and other tools."
In the United States, almost 80,000 financial professionals have been
registered for the service including those at Putnam Investments, CoVision
Capital Group, Amerex Group and Acadian Asset Management, Inc. Buy-side
trading, portfolio and research functions, investment banks, and commodities
and energy participants have adopted it. Bridge Trading, a Reuters company,
uses it to communicate with its 700 buy-side counterparties.
In Europe, over 100,000 financial professionals have been registered for
Reuters Messaging including those from Deutsche Asset Management, Dresdner
Kleinwort Wasserstein, and Weiner Boerse AG.
Sabina Haas, Director, Head of Information Products, Wiener Boerse AG said:
" As one of many roles, Wiener Boerse acts as a central intermediary in the
Austrian Capital Market. Communication and information are therefore
important for us. Making use of Reuters Messaging allows us to deepen our
contacts with national and international market participants."
In Asia, the 32,000 financial professionals registered for the service come
from both established and emerging markets including China, Singapore, Hong
Kong, Japan, Vietnam, Indonesia, Australia and India. The service is proving
popular within the retail brokerage market where firms need to communicate
between geographically dispersed branches. There is also growing usage of the service across the Asian energy sector.
Piwei Zhao of China Everbright Bank, said: "RM offers strong enterprise-grade security with buddy group functionality. It allows us to not only get real time updates from China but from around the world. We particularly like the ability to discuss market opportunities and send graphical data in real time."
Reuters Messaging is available within a number of Reuters desktop services
including its flagship product Reuters 3000 Xtra, Reuters Plus aimed at the
North American retail equity market, and Reuters BridgeStation which targets
the institutional trading, investment banking and portfolio management