20.02.2006 09:00:00

Five Leading Banks in China Sign up for Reuters Dealing 3000 Matching Service

Reuters (LSE:RTR) (NASDAQ:RTRSY), the globalinformation company, today announced that five leading banks in Chinahave signed agreements to use Reuters Dealing 3000 matching service,the premier electronic system in China.

Bank of China (BOC), Bank of Communications, Bank of Montreal,China Construction Bank (CCB), Industrial and Commercial Bank of China(ICBC) have all recently signed agreements for Reuters Dealing 3000Matching service. These moves support Reuters aims to be the leadingelectronic broker in China.

With Reuters Dealing 3000 matching, Banks in China can tradeapproximately 39 global currency pairs in Spot FX, including the USDollar, Euro, Japanese Yen, and Sterling.

Rod Jones, Executive Managing Director of International CapitalMarket, Bank of Montreal, said: "We are taking Reuters Spot Matchingservice in order to enhance the liquidity in the fast growing ChinaMarket."

Zhang Wei Zhong, Chief Dealer, Bank of Communications in Shanghai,said: "We are now able to access a large number of counterparties,giving us a much greater pool of liquidity. Reuters Dealing service isa great help as our trading volume in G7 currencies has increasedtremendously following China's economic and trade growth."

Sun Xiao Fan, Global Head of FX, Bank of China in Beijing, said:"As one of the major participants in the China market, we look forwardto working with Reuters as it is an established member in the globalFX market. We would like to develop a long and fruitful relationshipwith Reuters."

Alexander Hungate, Managing Director, Reuters Asia, said: "Thesemoves by the five major banks to trade on the Reuters Dealing 3000Matching service show China is moving forward towards greater currencyflexibility and major players in China are riding on the current andpotential opportunities to grow their treasury FX businesses."

Reuters Dealing 3000, the premium FX & money markets tradingsystem, is used by nearly 18,000 FX and money market professionalsacross 4,000 organizations to trade FX spot, forwards, options,futures, in addition to interest rate and overnight index swaps andcommodities such as bullion.

Ends

Note to editors:

Reuters (www.about.reuters.com), the global information company,provides indispensable information tailored for professionals in thefinancial services, media and corporate markets. Its trustedinformation drives decision making across the globe based on areputation for speed, accuracy and independence. Reuters has 15,300staff in 91 countries, including staff from the acquisition ofMoneyline Telerate in June 2005. It also includes 2,300 editorialstaff in 196 bureaux serving 129 countries, making Reuters the world'slargest international multimedia news agency. In the 2004 ReutersGroup revenues, including those of Instinet Group, were GBP 2.9billion. From July 2005, Instinet Group is being treated as adiscontinued operation in the profit and loss account.

Reuters and the sphere logo are the trade-marks of the Reutersgroup of companies.

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