08:26 AM
MARKET DATA BRIEFS
Reuters is set to launch a third party news service provided by Traders & Company, Ltd. for professional dealers via its Reuters terminal and data feed services. The "Traders Direct" service will analyze daily trend s of domestic and overseas stock and derivatives markets with comments on individual companies, IPO information and technical analysis on a real-time basis. Reuters is also introducing "Traders Direct" as a part of its news service for private investors and plans to make it available to the retail market through online brokers and securities firms that subscribe to the Reuters Investor service. Additionally, Reuters will begin distributing Interfax's English-language News Services. Interfax provides political, business and financial information from the European and Asian emerging markets. Reuters customers can subscribe to Interfax as a fully integrated additional newswire to see both Reuters and Interfax services at the same time.
Bridge announced two executive-level appointments. Kirk Thomas has been named head of software development where he will be responsible for the oversight and management of all software development activities relating to client products and services. Jeffrey Wells was appointed head of quality assurance, responsible for all quality assurance activities relating to client products and services. Both will report to Bridge's chief information and technology officer Joe Ratterman.
Thomson announced it would be selling off certain businesses within its Thomson Financial group. Some of those businesses to be divested include publications, business products and services targeting the commercial banking sector and several other niche markets. The sales come as Thomson is looking to position itself as an e-solutions provider for the global financial industry. Some of the brands slated for sale in the financial planning and other niche markets include Financial Planning, On Wall Street, Securities Industry News and Traders Magazine. The transaction should be completed later this year.