Rappaport Takes The Hot Seat In Telerate Reshuffle

THIS WEEK'S LEAD STORIES

Following the completion of its takeover of Telerate Systems Inc., Dow Jones & Co. has begun consolidating some of Telerate's operations with its own in an effort to reap economies. The move has resulted in a reshuffle of responsibilities at Telerate that places executive vice president Steven N. Rappaport in charge of what Telerate calls trading room systems, including The Trading Service, its automated foreign exchange dealing system.

Summer in New York is never much fun, but Rappaport's

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