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Corrections: As head of Reuters Analytics, Hubert Holmes reported to executive director David Ure until October 1996, when he began reporting to executive director John Parcell. The Feb. 9 issue of IMD misstated Holmes' reporting lines.

The third partner in a trio of players that made a $450 million bid for Dow Jones Markets (IMD, Feb. 9) was the Texas Pacific Group, a buyout company that owns Continental Airlines, among other things. Texas Pacific's partners in the Markets bid were Cantor

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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