With many employers banning Instant Messaging (IM), (an instant, in-your-face kind of e-mail), to prevent workers from idle chatter, Reuters of New York and Microsoft of Redmond, Wash., have developed their own IM exclusively for the financial-services community.

Reuters claims that it had 1,072 firms in 84 countries already signed up for Reuters Messaging service, prior to the new IM's official launch date of Oct. 14. Reuters expects 175,000 professionals to be using its new IM by year-end.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.