Bridge, Telerate, Reuters Revamp During 1996


In an atmosphere of user consolidation, the vendor community went through its own upheaval in 1996: three out of the top four market data vendors underwent significant restructurings. And rumors of Bloomberg going public through an IPO or some other corporate restructuring continued to simmer. The year ended with the news that Merrill Lynch was selling back one third of its 30 per cent stake to Bloomberg (see Scrolling News, this issue).

Nowhere was restructuring more necessary than at the va

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