Guess Who Profits From Telerate's Deal With Liberty? Cantor

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As Reuters and Telerate begin to take advantage of Liberty Brokerage Inc.'s recent decision to open access to its real- time U.S. Treasury prices, Dow Jones Telerate has found itself constrained by its data distribution agreement with Liberty rival Cantor Fitzgerald L.P. and its data vending sidekick Market Data Corp. (MDC). While Reuters gives Liberty's data away at no extra charge, Telerate will demand $25 per month per screen for the data. It was driven to do so by an approximately $10 per

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