Telerate Plans Broker Version Of TTS To Rival Reuters System
THIS WEEK'S LEAD STORIES
In response to Reuters Holdings PLC's planned launch of its Dealing 2000-2 foreign exchange order-matching system, Telerate Inc. is developing a rival system that will preserve the role of the broker in the interbank market. Telerate has traditionally maintained close relationships with brokers, particularly with Cantor Fitzgerald & Co., which provides Telerate with U.S. government securities prices under an exclusive arrangement.
The proposed system will display executable, two-way prices
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