Inside Thomson's Sequal Buy: With Two ETC Systems, Vendor Has Decisions To Make

MARKET DATA & NEWS

MORE details have emerged concerning the acquisition of the London Stock Exchange's Sequal late last month by the Electronic Settlements Group (ESG) of Thomson Financial Services. Sequal is an electronic trade matching, transaction reporting and electronic trade confirmation system (ETC). With this acquisition, ESG owns two ETC systems; besides Sequal, the vendor has its Oasys Global ETC system, which--until now--was Sequal's primary competitor.

There is debate in the market as to what Thomso