Dow Jones To Forge Closer Link With Minex, Integrate TTS

PROPRIETARY EXECUTION

Dow Jones & Co. announced plans to boost the stake of its Telerate Systems Inc. unit in the Minex Corp. foreign exchange order-matching group. The move underscores Dow Jones' commitment to the market for foreign exchange transactional systems despite the difficulties experienced by Telerate's Trading Service (TTS).

That commitment signals that Dow Jones and the other Minex partners don't believe that rival Reuters Holdings PLC's Dealing 2000-2 system is certain to dominate the order- matching

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Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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