Reuters Loses Largest Arts User To ILX: Cowen


American Real-Time Services Inc., now owned and operated by Reuters, lost New York City-based Cowen & Co. to ILX Systems Inc. The seven-year, 800-broker, 3,000-correspondent contract with Cowen -- signed Sept. 27 -- represents a modestly significant setback in Reuters' assault on the North American equities market. At Cowen, ILX beat out Reuters (offering the former Quotron's Advantage AE service) and ADP (offering FS Partner). As configured at Cowen, Arts provided access to market data prov

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