Canada's Star Data Begins Expansion Into U.S. With Modular Offering For Retail Branch Market Data

An upstart Canadian quote vendor now proposes to be an upstart U.S. quote vendor. Toronto-based Star Data Systems, Inc., which claims to have captured 20 percent of the Canadian market for broker terminals in the past 18 months, has set up shop in Atlanta with a U.S. subsidiary, Starquote International Inc.

Star Data was founded in 1985 and is 30 percent owned by the Canadian Imperial Bank of Commerce. It launched its Starquote service in May 1987 and now boasts about 2,000 terminals, mostly from