Dow Jones has pulled the plug on its Dow Jones Investor Network because it wasn't expected to be profitable "in the near term," according to an internal Dow Jones memo announcing the decision. The service was also not considered "sufficiently strategic," the memo said.
DJIN, which was launched in 1993, would have had a greater chance of success had there been more synergy between it and Dow Jones Telerate. But while DJIN was targeted at the buy side, Telerate's client base is on the sell side
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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