Reuters Buys Triad for IOI Link
TRANSACTION SYSTEMS
LONDON--Reuters has bought assets including the Triad indication of interest (IOI) application from its developer, Easetech Financial Systems, for around $9 million, effective April 4. Reuters will integrate Triad, which was previously exclusively marketed by Bridge, with other buy- and sell-side products to target the buy-side market.
Reuters plans to link Triad to Bridge’s Institutional Order Entry (IOE) and Bridge’s Ordpro, a sell-side order management system, says Bill Gates, vice president
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