Telerate Closes Deal With Firm Offering Trading Via Intranet

VENDOR STRATEGIES

As expected, Dow Jones Telerate late last week completed its acquisition of the Bankers Network, a UK-based startup. The Bankers Network system--designed as a low-cost alternative to Reuters Dealing 2000-1 conversational trading service--runs on a private network utilizing Internet technologies and is about to be beta-tested at numerous sites globally.

The acquisition was not much of a surprise, since the two parties have been in discussions for some time (IMD, June 30). Meanwhile, word has e

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