Newco, the consortium of interdealer government securities brokers including Garban Ltd., RMJ Securities Corp. and Fundamental Brokers Institutional Associates, has selected Standard & Poor's Trading Systems to serve as the developer-wholesaler for its consolidated data feed.

Technical specifications for the feed reportedly include provisions for delivery of bid and offer data, although the initial release will provide only last-sale prices.

Newco is asking vendors to cough up $200,000 a year

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