SCROLLING NEWS
SCROLLING NEWS
Stop Press: Primark Corp. agreed to buy A-T Financial for $35 million. For full details, see next week's IMD.
Clarification: In an organization chart for Reuters' UKI in last week's Inside Market Data, we omitted one layer. Julie Holland, managing director of Reuters Information in UKI, reports to Maurizio Pescosolido, managing director of GSO, Reuters Information, who reports to GSO chief executive Jean-Claude Marchand. Martin Cole, her counterpart for UKI Trading Systems, reports to Greg Meekings, managing director of GSO, Reuters Trading Systems, who also reports to Marchand.
The Nasdaq-Amex Market Group and the Stock Exchange of Hong Kong, Limited (SEHK) will provide free information--including share prices and portfolio tracking--about their respective markets on a new joint Web service. The site is at porttracker.nasdaq-sehk.com and can be accessed from www.nasdaq-amex.com and www.sehk.com.hk. The two markets have also formed a working team to develop broader cooperation on the sharing of technology and the dual-listing of stocks. For more information, refer to the January 4 issue of Market Data Web Wire.
The sale of Saturn Global Network Services to Ixnet, a subsidiary of IPC Information Systems, is now official. Ixnet, which paid £30 million for the company, originally announced in August (IMD, Aug. 17, 1998). Saturn provides end-to-end managed voice and data services and uses its managed network to provide private line, managed bandwidth and enhanced data services.
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