Thomson Reuters is quitting the FX options interbank matching business, FX Week reports. The firm will now focus on the development of new post-trade services, designed for the FX options market.
The move comes as the service did not achieve the set targets. The closure will affect a team of less than 20 people. The firm will focus on its new Eikon platform, which includes FX options.
Click here for the story from FX Week.