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Reuters acquires Icor Brokerage

Reuters, the global news and information company, has reaffirmed its commitment to the treasury market with the acquisition of Icor Brokerage, an electronic broking service for FX options.

Reuters already held 50% of the business, which it set up in 2001 as a joint venture with Icor Holdings, the electronic broker. Icor Brokerage provides electronic access to develop electronic brokerage services for the global inter-bank foreign exchange options and interest rate derivatives markets.

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