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15 - Case Study 2: Reuters Product Acceptance Group

Published online by Cambridge University Press:  06 September 2009

John Watkins
Affiliation:
IBM Software Group, California
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Summary

Overview of the Organization

Over 521,000 users in 52,800 locations access Reuters information and news worldwide. Data is provided on over 940,000 shares, bonds, and other financial instruments as well as on 40,000 companies. Financial information is obtained from 260 exchanges and over-the-counter markets and contributed by 5000 clients.

Reuters services are delivered globally over one of the world's most extensive private satellite and cable communications networks. Typically, Reuters updates 6000 prices and items of other data per second and handles 65 million changes daily. The information available from Reuters' databases ranges from real-time to greater than 10 years old.

The Company's two main business divisions are Reuters Information (RI) and Reuters Trading Systems.

RI products include real-time information and historical information databases and focus on four main markets – foreign exchange and money, commodities (including energy), fixed income, and equities. Reuters corporate and media information business includes textual news services for print media, broadcast, and on-line clients. The company prides itself on the diverse content, freedom from bias, accuracy, and speed of information to its customers.

Reuters Trading Systems division groups together Reuters management systems, transaction products, risk management products, and other applications.

The Reuters Product Acceptance Group (PAG) operates within the RI division and is based in Singer Street, London. PAG is responsible for the Acceptance Testing of financial trading products on behalf of its customers, which is implemented under contract by third-party suppliers.

Type
Chapter
Information
Testing IT
An Off-the-Shelf Software Testing Process
, pp. 129 - 142
Publisher: Cambridge University Press
Print publication year: 2001

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