Reuters, the global information and technology group, has laid itself open to increased competition in one of its core markets by discontiniung one of its core products, Automated Dealing.

Reuters decided to discontinue the product on a stand-alone basis after acquiring a competitor, AVT Technologies, which produces its own foreign exchange dealing system, called EchoFX. The two systems will now be integrated. A new unit within Reuters Treasury Services, Reuters automated dealing technologies, will incorporate 100 AVT staff.