European Data Vendors Merge
ZURICH-Two mergers between French and Swiss data vendors were announced in five days this summer, a sign that smaller vendors are joining forces in the same spirit as Thomson and Reuters. Switzerland's Telekurs Financial is buying French vendor Fininfo, increasing its reference data market share, while GL Trade has acquired Zurich-based Infotec.
Telekurs, itself in the process of a three-way merger with the SWX Swiss Exchange and clearing and settlement provider SIS Group, will acquire the
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