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MARKET DATA ANNOUNCES JOINT VENTURE WITH MMS INTERNATIONAL AND CANTOR FITZGERALD

 MARKET DATA ANNOUNCES JOINT VENTURE
 WITH MMS INTERNATIONAL AND CANTOR FITZGERALD
 NEW YORK, July 28 /PRNewswire/ -- Market Data Corp. (MDC) today announced a long-term agreement with MMS International (MMS), a part of the Standard & Poor's Information Group of McGraw-Hill Inc. (NYSE: MHP) to jointly provide the "Live Treasury Basis Trader" information service over the Telerate network, pages 9460-9488.
 MDC and MMS also have agreed in principle to collaborate in the development of various other market information services involving real-time market prices, value-added calculations and comparisons, and dynamic market commentary and analysis.
 "Live Treasury Basis Trader" is an enhancement to an existing MDC service and is designed to address the information needs of basis traders, treasury traders, and futures traders alike. "Live Treasury Basis Trader" contains real-time quotes from Cantor Fitzgerald, real-time basis spreads and yield calculations from Market Data Corp., and continuous market commentary and analysis from MMS International.
 The service features:
 -- Cantor Fitzgerald's live bid, offer, and trade prices with size
 for U.S. government securities cash and basis trading.
 -- MDC's live calculation of indicated basis prices, cheapest-to-
 deliver calculations for cash treasuries into the CBT note and
 bond futures, and yield spreads between the most active U.S.
 government securities.
 -- MMS International's market analysis and commentary on the same
 page as live market quotes and calculations.
 -- MMS International's technical analysis of basis, futures and
 cash markets for U.S. government securities.
 -- MDC's real-time updates of the U.S. government securities yield
 curve with dynamic MMS commentary and yield curve history.
 According to Rod Fisher, chairman of Market Data Corp., "the combination of real-time Cantor Fitzgerald quotes and intra-day analysis from MMS International provides a uniquely powerful tool for those focusing on basis trading as well as those trading or investing in the U.S. government securities cash and futures markets." Standard & Poor's Executive Vice President Michael K. Hehir added, "We believe existing and potential customers will benefit from the quality and breadth of information that we now provide to basis traders through this service."
 Cantor Fitzgerald is a leading source of live U.S. treasury market quotes. MMS International is the largest provider of real-time global market commentary. Market Data Corp. provides real-time calculations and comparisons including real-time basis spreads and yields, and is a leading provider of optional information services on Telerate.
 "Live Treasury Basis Trader" is an enhancement to an existing MDC service available only on Telerate.
 MMS International Inc. and Standard & Poor's Corp. are wholly owned subsidiaries of McGraw-Hill Inc.
 -0- 7/28/92
 /CONTACT: Greg Manning of Market Data Corp., 212-248-3538; Robert Mercorella of Cantor Fitzgerald, 212-938-3982; or David Beasley of MMS International, 800-227-7304 /
 (MHP) CO: Market Data Corp.; Cantor Fitzgerald; MMS International; McGraw-
 Hill Inc. ST: California IN: FIN SU: JVN


MM-DG -- SF004 -- 3941 07/28/92 09:45 EDT
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Publication:PR Newswire
Date:Jul 28, 1992
Words:467
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