Lotus Development Corp. is expected to head downmarket with Signal/Quotrek product line. Imminent first stage, source says, is end-of-day pricing service for PC users via Signal. Later in year, Lotus will introduce 15-minute delayed service on hand-held Quotrek device.

Telerate Systems, Inc. is expected shortly to announce major new product for mortgage-backed securities trading, says source. Product results from exclusive relationship with MBS broker and is intended to do for mortgage-backed

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