Nasdaq, NumeriX, ConvergEx

Nasdaq, Reuters Shutter IRN

Nasdaq and Reuters last week shut the Independent Research Network, a joint venture established two years ago to initiate research coverage of under-reported companies, after poor uptake for the service. According to a Nasdaq spokesperson, "While we continue to believe in the concept of brokered research, and received a good reputation for our model, we have decided to discontinue IRN due to the fact that the adoption rate was slower than anticipated." Officials di

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