Telerate Adds FX Development Group To Foreign Exchange Systems Arsenal

THIS WEEK'S LEAD STORIES

Telerate Inc. last week completed its purchase of FX Development Group, a Mountainview, Calif.-based systems integrator, for an undisclosed amount of cash. The company previously was controlled by its four founders, with minority stakes held by employees, Stanford University, the University of California at Berkeley, and V Band Corp.

"We want to be to Telerate what Rich is to Reuters," says Dennis M. Rohan, FX Development chairman. The Reuters Holdings PLC-Rich Inc. analogy isn't entirely

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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