Reuters to acquire AVT

Reuters has announced that is has signed a definitive agreement to acquire AVT Technologies Ltd., a specialist in foreign exchange transaction technology, headquartered in the UK. AVT specialises in providing leading-edge technology to financial institutions and their customers to conduct FX and money market transactions in a real-time environment over the Internet.Julie Holland & Mark RedwoodConcurrent with the acquisition, Reuters is establishing a Reuters Automated Dealing Technologies business unit, which will consist of the 100 staff joining from AVT Technologies and additional Reuters staff. This new unit is responsible for the strategy and delivery of Reuters automated dealing and limit order management offerings. Mark Redwood, CEO of AVT Technologies Ltd., will head the new unit and report to Julie Holland, MD, Reuters Treasury Services....continued

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