Everyone is buzzing this week about the Reuters-Telerate rumors (see page 1). Every time a rumor comes up, a reader asks whether we will cover it. So this seems like a good time to explain how we handle rumors in Inside Market Data.
Our first and foremost priority is accuracy. Thus, when we hear that Company A is doing X, we immediately call A and ask if it’s true. Sometimes we get a straight yes and an interview and we have a story. It’s usually not so easy; most often we hear, "No comment."
Anthony and James spoke with some sources about the big acquisition of Charles River by State Street, and right now, there are more questions than answers.Subscribe to Weekly Wrap emails