Friday, December 17, 2004

Breaking News: Reuters Deal for Telerate on Near Horizon

The following article from Dow Jones News indicates that the long-assumed acquisition of Telerate by Reuters is eminent. The article quotes Shore's own Jack McConville noting that "Adding that many terminals all at one time, in an environment where you can't sign up many new terminals, would be a big deal, even if it gets cut to 15,000. These days vendors are crowing about signing up 700 terminals." Where is the consolidating market data industry heading? Jack will have some interesting numbers to share with you shortly, details to follow. Feel free to contact us for information.
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