Reuters Eyes Mxnet And Its Market Of Smaller Firms


JERSEY CITY, NJ--Reuters is eyeing Mxnet, a firm that offers market data distribution platforms to smaller user firms. An acquisition of Mxnet would give Reuters an additional market for its data.

Reuters has been marketing Mxnet's service since last March (Trading Systems Technology, February 3, 1997). Mxnet gives small firms the option of receiving data via a market data distribution system, instead of having to rely on standalone terminals. The firm, which is less than two years old, had

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