EC To Turn Over IDIS Network To Commercial Venture


A European Community committee will relinquish management of an electronic network used to swap historic price information among the trade bloc's stock exchanges. The committee also has scrapped plans to supply European institutions with pre-trade market information over the network.

Operation of the network, established as part of a plan to create a Europe-wide screen-based securities market, will be handed over to a commercial joint venture comprising the information services divisions of t

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