Security Pacific Market Information To Close Up Shop; RMJ Sale Cited As Reason For Failure

THIS MONTH'S LEAD STORIES

Security Pacific Market Information will cease to be at the end of July. Less than two years after its launch, the PC-based fixed-income data service has fallen victim to slow growth -- and to apparent boredom on the part of Security Pacific Corp., one of its parents.

At its demise, SPMI has about 400 subscribers and is thought to be losing money at an annual pre-tax rate of about $1.7 million. "It wasn't meeting our financial objectives," says SPC spokesperson Randall Brelsford. Competing with

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

Waters Wrap: Inside the mind of the CTO

After having one-on-one conversations with eight different senior bank technologists, Anthony explains how these execs look at innovation strategy from a philosophical perspective.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here