Reuters has transferred its Mercury Online and FIX solutions business to Paris-based consulting and systems integration outfit Net2s.
The move is part of Reuters' planned disposal of non-core assets under the Fast Forward cost-cutting programme.
Under the deal, the 16 staff working on the Mercury Online equities wealth management business will be transferred to Nets2. The FIX business comprises a FIX engine and set of adapters embedding Tibco middleware.
Alex Hungate, chief marketing officer at Reuters, says the agreement provides service continuity for customers and a good employer for the transferring employees.