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Reuters provides secure IM for finance houses

Reuters is to release a messaging system based on Microsoft technology which will offer secure communications for the financial...

Reuters is to release a messaging system based on Microsoft technology which will offer secure communications for the financial services industry.

Instant messaging (IM) allows online communities to be formed across the Internet in real time. Touted as a business-friendly alternative to e-mail, IM has become particularly popular among traders in the financial services community.

When a member of the community goes online, all their peers are informed and can communicate with them instantly through their PCs.

Reuters Messaging will be released at the end of September. It will be able to communicate with Divine's Mindalign IM system, which already has 60,000 users in financial organisations.

Both Reuters Messaging and Mindalign use encrypted connections, and conversations can be automatically stored to satisfy legal requirements.

Andy Konchan, director of e-commerce global financial markets at international bank ABN Amro, said, "The successful combination of Divine Mindalign and Reuters Messaging services will significantly improve communication between buy-side and sell-side firms."

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