Bridge Buys Former Telerate Unit From Dow Jones And Revives Name
SERVICES
NEW YORK--Dow Jones & Co agreed to sell its Dow Jones Markets (DJM) unit, formerly known as Dow Jones Telerate, to Bridge Information Systems last week. The new owner will pay homage to the Telerate moniker, renaming the subsidiary Bridge Telerate.
The deal effectively consolidates the market data business into three major global providers from four, leaving Bridge to compete with Bloomberg for the number two slot behind Reuters.
According to Waters Information Services' MDI: Market Data Industry
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