Reuters Swallows Arts Whole; Arts Gets Cash, Reuters Gets Another Go At Retail Market
VENDOR STRATEGIES
Reuters has purchased American Real-Time Services Inc. (ARTS), the New York-based quote-platform vendor whose clients consist primarily of some 2,000 retail brokers in the U.S.
The acquisition positions Reuters for a fresh attack on the North American retail brokerage market, and will also give the vendor a low-end platform to offer other users, in conjunction with its higher-end Reuter Terminal and the Triarch 2000 data distribution system.
Reuters bought the smaller vendor from its
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