Reuters-Telerate Deal Approved; HyperFeed to License Active8, TRS

FRONT PAGE: ORGANIZATION & STRATEGY

Reuters’ purchase of Telerate is expected to close before July and possibly as early as the second week of June, following last week’s approval by the US Department of Justice and the European Commission.

Central to that approval was Reuters’ voluntary licensing of the source code for Telerate’s Active8 data display application and TRS market data distribution platform to Chicago-based ticker plant vendor HyperFeed Technologies. While HyperFeed holds the exclusive license, Reuters plans to

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