Bond Market Data Competition Warms Up As Merrill Untethers Bloomberg, Newco Moves Ahead
THIS MONTH'S LEAD STORIES
Fixed-income traders are bracing for escalated competition among market data services in the wake of Merrill Lynch's decision to allow Bloomberg Financial Markets to provide its service to 13 large but previously embargoed firms. Also stoking the competitive fires will be Newco, a consortium of government securities brokers, which is moving forward with a proposal to provide a last sale ticker of Treasury prices (MTR, January 1988).
Sources report that Newco, jointly owned by Fundamental Brokers
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