How Does Citi Spell Relief? R-E-U-T-E-R-S
VENDOR STRATEGY
After much whispering in the market data community (IMD, Oct. 11, 1993), Reuters late last week came clean, announcing that it had finally signed a letter of intent to buy Quotron from Citicorp. The deal gives Reuters a base from which it might now pursue the North American equities market -- a slice of the global market-data pie it has long coveted.
Though the terms of the deal were not fully disclosed, Citicorp said that it would take a $179 million writedown, primarily to cover the sell-off of
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