BRIDGE Dominates US Market for Financial Information; 'Waters Survey Reveals BRIDGE's Pole Position In Equities, Off-Floor Markets'.Business Editors NEW YORK--(BUSINESS WIRE)--March 20, 2000 Bridge Information Systems (BRIDGE(R)) was named 1999's top U.S. market data vendor in a survey by Waters Information Services See Information Systems. . Financial institutions in the U.S. used BRIDGE and its subsidiary, Telerate(R), for 25% of their accesses to financial market information, making BRIDGE the vendor with the highest market share in the US. BRIDGE, combined with Telerate, was also the winner on the trading floor with 28% of all accesses. For personnel employed off the trading floor, the BRIDGE and Telerate combination accounted for 25% of the market. In a comparison by sector, BRIDGE commands the equities, money markets and off-floor markets. "BRIDGE's placement in Waters' survey is indicative of its achievements in redefining a rapidly changing industry," said Thomas M. Wendel, BRIDGE Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The implementation of advanced "open" technologies has allowed BRIDGE to offer the most comprehensive products and services via a unified processing, delivery and display architecture. This has enabled BRIDGE's rapid evolution into a full service organization offering financial news and information, trading and transaction services and Internet/network services." The Waters comprehensive statistical analysis survey is based on interviews with market data managers at nearly 1,000 institutions in the U.S. selected to represent specific portions of the industry from large and small buy- and sell-side firms to corporates. In total the survey represented usage at 532,487 professional market data positions that performed in aggregate 677,861 accesses to financial data. BRIDGE, together with its principle operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Bridge Information Systems, Telerate, BridgeNews, and Bridge Trading, is the largest provider of financial information and related services in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. -- and one of the fastest growing in the world. BRIDGE information products include a wide range of workstations, market data feeds and web-browser-based applications, combined with comprehensive market data, in-depth news, powerful analytic tools and trading room The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the office space where market activities are concentrated in investment banks or brokerage houses. integration systems. BridgeNews leverages a network of 600+ BRIDGE journalists in more than 100 locations that break news that affect securities markets globally. BRIDGE is the co-producer of the Nightly Business Report Nightly Business Report is a financial news television program that is broadcast live, weekday evenings on most of the public television stations in the United States. Frequently abbreviated to NBR, the show is produced by public television station WPBT-TV in Miami, Florida, and and is a leading provider of financial news and information to media companies worldwide.BRIDGE, with 5000+ employees worldwide, and over a quarter of a million users in over 65 countries, is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with the BRIDGE Trading and Technology center in St. Louis, and major regional centers in Europe, the Middle East, Africa, and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . For more information visit the BRIDGE web site at http://www.bridge.com. |
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