Comtrend Service Lets Clients Tap Broker's Micro For Quotes; 'Gray Area' Opened For Real-Time Exchange Fees

THIS MONTH'S LEAD STORIES

ADP Comtrend is testing a new service that allows a broker's customers to dial directly into the broker's own workstation to retrieve quotes. The service occupies what company officials admit is a "gray area" between real-time and delayed data, and is expected to further cloud the none-too-simple issue of exchange fees.

The service is called "Instaquote." It's been tested for two months with a handful of clients at Comtrend's Canadian subsidiary, and U.S. introduction is awaiting exchange

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