MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

As expected, ADP's Information and Processing Services Division has purchased the stock of Investment Software Systems Inc. (ISS) of Littleton, Mass. (IMT, Dec. 9, 1994). ISS is a software vendor that primarily develops and markets news processing and news management services for buy-side institutions. The capabilities of Newsanalyst, ISS' flagship product, will be added into ADP's FS Partner quote platform sometime this year, according to an ADP spokesperson. At the time it was reported that

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TMX’s indexing pivot bears first fruit

The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.

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