NEW YORK--ADP is expected to announce a sale of its Global Treasury Information Services (GTIS) unit to Data Broadcasting Corp. within the next 30 days, according to sources close to the deal.
The sale is no surprise--GTIS has been on the sales block for more than a year. But the acquirer is. It was widely believed that United Financial Services, the data consolidation arm of United News & Media's brokerage units, was on the verge of doing the deal.
The sale of GTIS fits in w
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails