Moneyline Telerate in Exclusive Agreement With BrokerTec to Provide Telerate Customers With Global Benchmark Fixed-Income Prices.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 18, 2001 Creating the "preferred content distribution network" for the fixed-income markets Jon Robson, 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. of Moneyline Telerate, announced today that the company has entered into a content distribution agreement that provides customers of Telerate, Inc., and those of Bridge Information Systems in Europe and Asia, with access to the leading benchmark global fixed-income pricing data. The agreement was reached with BrokerTec Global L.L.C., a leading, wholly electronic inter-dealer broker Inter-dealer Broker 1. A brokerage firm operating in the bond or OTC derivatives market that acts as an intermediary between major dealers to facilitate inter-dealer trades. 2. . As early as October 24, BrokerTec's real-time U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. and Agency pricing data will be exclusively available on Telerate's page 500 to 50,000 users around the world. BrokerTec will provide real-time prices for a wide variety of U.S. Treasury instruments, including benchmarks, off-the-runs, bills, strips, and U.S. government agency notes, debentures benchmark issues, and debenture off-the-runs. BrokerTec's dealer participants include many of the world's leading financial services companies. The agreement concludes extensive negotiations between Moneyline Telerate and BrokerTec that were initiated in June of this year. Terms of the agreement were not disclosed. In a separate development announced today, Moneyline's acquisition of Telerate and Bridge assets has been finalized. "Moneyline Telerate's mission is to build the preferred distribution network for the fixed-income and capital markets," said Moneyline Telerate CEO Jon Robson. "BrokerTec's leadership as a dealer-owned broker aligns with our strategy to enfranchise TO ENFRANCHISE. To make free to incorporate a man in a society or body politic. Cunn. L. D. h.t. Vide Disfranchise. our customers by giving them a stake in their own data franchises. This agreement enables Moneyline Telerate to empower an emerging community of buyers and sellers who can trade with the renewed confidence that they have the real-time executable data and the liquidity they need to make the right decisions in the marketplace." "Since BrokerTec's founding in 1999, providing price transparency to the marketplace has been one of our three primary objectives. We are pleased to have this opportunity to distribute our benchmark pricing to the tens of thousands of global users on the Moneyline and Telerate franchise," said Hal Hinkle, President and CEO, BrokerTec Global LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The agreement with BrokerTec follows Moneyline's announcement last September 5 that it had secured approval from the U.S. bankruptcy court to acquire the global assets of Telerate. This also included various assets of Bridge Information Systems, Inc. in Europe and Asia Pacific. About Moneyline Telerate Moneyline Telerate is a leading global provider of aggregation, distribution and transaction services to suppliers and users of capital markets content and liquidity. With the world's premier benchmark fixed-income content, web-based distribution platform and transaction systems, Moneyline Telerate provides financial services firms with cost-effective, flexible methods for using content to drive investment decisions and order flow across new and existing electronic channels. The firm, established in 1998, 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. . For further information about Moneyline Telerate, please visit www.Moneyline.com. About BrokerTec BrokerTec Global is a fully electronic inter-dealer broker of fixed income securities. In 16 months of operation, BrokerTec traded in excess of $13 trillion face amount. Products now traded on BrokerTec's US and European platforms include: US Treasury Bills, Notes, Bonds, Strips, Agency Benchmark and Euro Sovereign Debt, U.S. and European basis trading, US Treasury Repurchase Agreements, Euro Sovereign Repos, Supranational Supranational An international organization, or union, whereby member states transcend national boundaries or interests to share in the decision-making and vote on issues pertaining to the wider grouping. and Global Agency Benchmark debt and Mortgage Backed TBA's. In addition, BrokerTec has received approval from the U.S. Commodities Futures Trading Commission to operate a Designated Contract Market and Derivatives Clearing Organization. It expects to launch the operations of the BrokerTec Futures Exchange (BTEX BTEX Benzene, Toluene, Ethylbenzene, and Xylenes (volatile organic compounds) ) and BrokerTec Clearing Company (BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. ) before year-end. BrokerTec's shareholders are ABN Amro, Banco Santander, Barclays Capital, Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , Deutsche Bank Securities, Dresdner Bank, Goldman Sachs, Greenwich Capital Markets, J.P. Morgan Chase & Co., Lehman Brothers, Merrill Lynch, Morgan Stanley, Salomon Smith Barney, and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg. |
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