Dow Jones To Forge Closer Link With Minex, Integrate TTS
PROPRIETARY EXECUTION
Dow Jones & Co. announced plans to boost the stake of its Telerate Systems Inc. unit in the Minex Corp. foreign exchange order-matching group. The move underscores Dow Jones' commitment to the market for foreign exchange transactional systems despite the difficulties experienced by Telerate's Trading Service (TTS).
That commitment signals that Dow Jones and the other Minex partners don't believe that rival Reuters Holdings PLC's Dealing 2000-2 system is certain to dominate the order- matching
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