SCROLLING NEWS

SCROLLING NEWS

A number of market data vendors were recently affected by a few glitches with Nasdaq's new Mutual Fund Quotation Service (MFQS). Most visible was Lipper Analytical Services, recently acquired by Reuters, which supplies mutual fund information to the Wall Street Journal. In all, less than five per cent of vendors were affected. MFQS two programming errors quickly surfaced after MFQS went into action October 19. The first affected changes in the Net Asset Value (NAV) for 32 mutual funds and wa