The official line from Thomson and Reuters regarding the merger is “business as usual”, which is fair enough. However most in the market see TradeWeb as becoming the New Reuters FI transaction product when/if the takeover goes through. Indeed New Reuters CEO elect, Tom Glocer has mentioned TW integration with Reuters strong FX products in due course.

All makes sense.

I’m hearing, however, that TradeWeb are quite confident that their position, as it effectively is at Thomson, as a stand alone unit will remain once New Reuters exists. This does not fit with a cross-asset e-trading goal, something shared by Thomson and Reuters separately. I also hear that if New Reuters do plan to integrate TradeWeb, then Project Fusion , where the Banks repurchase TradeWeb, will be escalated. How does this fit with LiquidityHub?

All sounds like the technical side of integration may not be the messiest aspect for New Reuters…..