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COMTEX Announces New Agreement with Standard & Poor's.

COMTEX News Network, Inc. has announced a new agreement with Standard & Poor's to deliver its Business and Finance CustomWires to Standard & Poor's ComStock on the Net, Xpresso, Open Arc, My ComStock, and other third-party products.

Institutional investors who use Standard & Poor's products will receive COMTEX'S Business CustomWire, a resource for real-time news about public and private companies worldwide. The addition of COMTEX's Finance CustomWire will enhance Standard & Poor's products with real-time news that affects world markets, including opening/closing volumes and trading activity from COMEX, NYCE, CS&CE, CBT, CME, KCBT, NYSE, AMEX, Nasdaq, and OTC.

"Our agreement with Standard & Poor's is important--news via COMTEX will reach millions of institutional investors through S&P's vast network of subscribers," said Charles Teny, COMTEX News Network's president and CEO. "Institutional investors increasingly determine the nature and direction of many financial markets in the U.S. and around the world. COMTEX's news is well suited to this audience, and our visibility to this sector, in association with Standard & Poor's, will carry commensurate benefits to our growth efforts."

Standard & Poor's, a division of The McGraw-Hill Companies, provides independent financial information, analytical services, advice, and credit ratings to the world's financial markets. With more than 4,000 employees located in 21 countries. Standard & Poor's is an integral part of the global financial infrastructure, according to the announcement. Standard & Poor's ComStock is a premier real-time market data provider, delivering information from more than 140 sources and exchanges worldwide for over 35 years. Standard & Poor's ComStock's data coverage includes equities, options, futures, fixed-income, foreign exchange, analysis, and news.

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Publication:Information Today
Geographic Code:1USA
Date:Jun 1, 2000
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