03/10/2003

SCROLLING NEWS

Fahnestock Renews Reuters, Replaces ILX

Fahnestock & Co., a New York-based self-clearing brokerage firm, has renewed and extended its agreement to use Reuters Plus for its retail equity workstations. In the four-year deal, the firm is renewing its 1,250 positions of Reuters Plus as well as another 1,000 positions of Reuters Plus to replace the ILX service used by Oppenheimer & Co., which Fahnestock acquired last month from CIBC World Markets Corp. A spokesperson says it decided to replace ILX