Dow Jones and Prime-Tass launch Russian FX news service
09 February 2004 | 8303 views | 0
Dow Jones Newswires has teamed with Russian news agency, Prime-Tass, to launch DJ Forex, a Russian-language news service focusing on the foreign-exchange markets.
DJ Forex is targeted at Russians actively trading in currencies, including FX traders, users of bank-owned FX trading portals and corporate treasury departments.
Content is drawn from Dow Jones Newswires' coverage of trading in the US dollar, yen, euro and sterling and is translated into Russian by Prime-Tass editors. The service will run from 0700-2300 local Moscow time (GMT+3)and publish approximately 120 items a day.
Michael Gulyaev, Prime-Tass' international projects director, says: ""There is a huge appetite for currency trading in Russia, but many players in the market are not confident to do business in English. We believe that the speed and accuracy of our news translation operation, as well as the impeccable sourcing of the content in DJ Forex, will open up many new opportunities for local traders."
Dow Jones signed a content exchange and sales and delivery partnership agreement with Prime-Tass in June last year. DJ Forex is the first product the companies have developed.