After months of hedging, Standard & Poor's Corp. has announced the launch of a news service designed to compete with Dow Jones News Service, (IMD, Nov. 27, 1989). St. Louis-based brokerage Edward D. Jones is the first announced subscriber to the S&P service.
Called S&P News, the service delivers business and financial news to the brokerage community, a market that "has been relying on a single source for news," says Jeffrey Bell, S&P group vice president for retail investor services. He says
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