Moneyline Telerate to Integrate Interactive Data Corporation Content
Moneyline Telerate may have its residiual differences with Reuters, as we noted last week, but that isn't stopping them from going out to spread their presence more aggressively throughout financial services companies. A newly announced alliance will allow MT to provide workflow-oriented solutions to service traders and mid- and back-office users more efficiently using IDC's broad range of global financial content that compliments its own sets fairly well. IDC's ComStock division, purchased last year from Standard & Poor's, will provide global coverage on exchange data that will help them to address Reuters dependencies, while "meat and potatoes" reference data such as securities masters will help to power off-trading-floor trade processing operations. With some of its recent trading floor wins, Moneyline Telerate is preparing to leverage those relationships further and cement a base of premium accounts that are intertwined with its flexible approach to financial content delivery. IDC gains a strengthening workstation partner to front its global content far more effectively at the desktop level. Things at Moneyline Telerate are still a bit white-knuckled, but those knuckles are punching hard.