DJM Sale To Bridge Could Lead To Complications With Cantor Fitzgerald
SPECIAL REPORT
NEW YORK-- Dow Jones & Co. agreed last week to sell its Dow Jones Markets (DJM) unit, formerly known as Telerate, to Bridge Information Systems. The deal effectively consolidates the market data business into three major global providers from four, leaving Bridge to compete with Bloomberg for the No. 2 slot behind Reuters.
The structure of the agreement appears to circumvent issues arising from DJM's relationship with interdealer broker Cantor Fitzgerald, which supplies its US Treasury prices for
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