Interactive Data To Create Service From Merrill Buy
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NEW YORK--Interactive Data expects to integrate data from Merrill Lynch’s Securities Pricing Service and FT Interactive’s existing branded business to create a "best of breed" taxable fixed income pricing and valuation service covering most types of on-the-run and illiquid instruments.
"It was attractive to us because it focused on taxable fixed income, similar to what we have," says Stuart Clark, president and chief executive officer of Interactive Data. "We’re acquiring more than 200 customers
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