GE Wins Euroquote Contract; Quotron To Rethink European Strategy?
THIS WEEK'S LEAD STORIES
A consortium headed by General Electric Information Services, a U.S. network services provider, has won the contract to build a pan-European quote distribution system for Euroquote S.A., a joint venture of the European Community's 12 major stock exchanges. GE's success comes at the expense of Citicorp's Quotron Systems Inc. subsidiary, leader of a rival consortium, prompting some to question the quote vendor's continued presence in Europe.
Euroquote's mandate is to create a consolidated feed of
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