At WP Capital, Telerate TTRS Wins, Then Loses To MV Link
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WP Capital Management L.P., a joint venture of Wasserstein Perella & Co. and Roll & Ross Asset Management, has gone live with Market Vision Corp.'s MV Link digital data distribution system to support its fixed-income portfolio managers. The deal, which was consummated in March, saw competitor Dow Jones Telerate snatch defeat from the jaws of victory: the vendor's Telerate Trading Room Systems (TTRS) platform had originally won the contract, only to be rejected at the last minute after officials
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