Telerate Markets Storm Risk System; In Bid To Rival Reuters' Kondor++
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New York-based Storm Technologies and Dow Jones Telerate have signed a joint venture agreement for Telerate to sell and support Storm's New Look risk management system across much of Asia. Sources at both vendors say the deal is designed to help them compete with Reuters' Kondor+ risk-management system.
Telerate will market the Storm product in Singapore, Hong Kong, Indonesia, Malaysia and Thailand. The agreement will soon be extended to cover Australia and the Philippines, say officials at both
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