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IIA SPONSORS ENTITLEMENTS WORKSHOP: NEW DEVELOPMENTS IN TRACKING & REPORTING REAL-TIME MARKET DATA TO BE HELD MAY 27

 WASHINGTON, April 28 /PRNewswire/ -- Technology has outstripped traditional methods of accounting for market data usage. New and innovative accounting measures that protect intellectual property rights, promote market development and encourage creativity need to be developed. These issues will be addressed at the Information Industry Association's (IIA) Entitlements Workshop May 27 at the New York Marriott Financial Center, New York.
 The workshop, designed by IIA's Financial Information Services Division (FISD), will bring together the exchanges, information providers, financial information vendors and market data users. The purpose is to solicit views on the scope of the entitlement issue, explain the rules of information dissemination, identify how firms use information and discuss the benefits of more flexible accounting structures.
 "FISD believes this is a crucial issue for all those concerned with market data. We are sponsoring this program to promote the free exchange of ideas and to help all the players in the financial information marketplace deal with today's challenges," said FISD Chair Leo McBlain, vice president, ADP Brokerage Information Services Group.
 Speakers include (in order of scheduled appearance): R.T. Williams, Entitlements Workshop chair and principal, R. Shiver Associates; Thomas E. Haley, vice president, market data, New York Stock Exchange, Inc.; Craig Allsopp, director, Financial News Services, Dow Jones & Company, Inc.; James A. Ambrosio, director, Optional & Exchange Services, Telerate, Inc.; Stephen P. Schour, director, Systems Services, Reuters America, Inc.; Thomas J. Jordan, president, Jordan & Jordan; Eric L. White, vice president, Goldman, Sachs & Co.; Sharon M. Gregory, vice president, marketing, Micrognosis; Dana Harrison, vice president, Electronic Services Delivery, Schwab Electronic Services; Mark Hurst, senior technology consultant, Aspen Research; and Mike Parlapiano, director, Market Data Services, Salomon Brothers Inc.
 In conjunction with the workshop, IIA and the Securities Industry Association are conducting a joint market data usage survey. The results of this survey, which compile major user firms views on current and future plans for market data, will be announced at the workshop. The survey was designed to create an industrywide profile of usage and billing preferences to help information providers and vendors develop alternative billing structures.
 Workshop costs are $145 for IIA members and $195 for non-members. For information or to register, contact IIA's Meetings Department, 202-639-8262.
 IIA's Financial Information Services Division provides a forum for the discussion and resolution of issues that focus on the interdependence of stock, commodity and options exchanges; information vendors; brokerage firms; investment bankers and end-users in the financial information marketplace.
 Information Industry Association, celebrating its 25th anniversary, is the trade association of 500 companies involved in the creation, distribution and use of information products and services.
 -0- 4/28/93
 /CONTACT: Lisa Hyden of the Information Industry Association, 202-639-8262/


CO: Information Industry Association ST: New York IN: FIN SU:

TW -- DC022 -- 2057 04/28/93 12:54 EDT
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Date:Apr 28, 1993
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