Printer Friendly

S&P COMSTOCK STRENGTHENS GLOBAL PRESENCE; MCGRAW-HILL SUBSIDIARY EXTENDS INVESTMENT IN EUROPEAN MARKET

 LONDON, April 7 /PRNewswire/ -- S&P ComStock, a leading supplier of real-time market data to the financial community, today announced the restructuring of its relationship with its European distributor, London- based ICV Limited (ICV). S&P ComStock purchased the distributor rights from ICV for an undisclosed cash sum as part of an investment plan to significantly strengthen and expand its presence in Europe. The plan involves enhanced services, systems upgrades, and expanded data coverage. A new European satellite distribution network and the addition of proprietary Standard & Poor's information to the datafeed, such as MMS International and European MarketScope, represent the first installments of the proposed plan.
 "These steps will strengthen S&P ComStock's global presence and underline our commitment to become a leader in the international information services industry," said S&P ComStock president, Grace Gaffney. "ICV's success in building the S&P ComStock business in Europe -- combined with our desire to make further commitments to the development of the product -- required changes in the nature of the relationship," concluded Ms. Gaffney.
 "It's a good move for concerned," added ICV managing director, David Taylor. "The revised relationship allows S&P ComStock to invest further in the product and increase service to the user by delivering more data at a faster rate." ICV will continue to supply and manage the European data collection function for S&P ComStock, which includes plans to add new data sources in the coming months.
 Hal Carim, former Pacific Rim manager of Platt's Energy Services, also a division of Standard & Poor's, has been appointed director of operations for the London-based S&P ComStock facility. "Everything is being done to make the transition totally transparent for S&P ComStock customers," explained Mr. Carim. "Actually, the only difference customers should notice is an enhanced service."
 Currently, S&P ComStock has European installations stretching from London to Moscow and Stockholm to the Middle East. S&P ComStock is an international provider of real-time financial data, news, historical information, and software applications to individuals and institutions in the financial industry. The company is a wholly-owned subsidiary of McGraw-Hill, Inc. (NYSE: MHP) and an integral part of the Standard & Poor's Information Group, a pioneer and long-time leader in the financial information business.
 -0- 4/7/93
 /CONTACT: Hal Carim of S&P ComStock, London, 44-81-545-6600, or Jenifer Mello of S&P ComStock, New York, 914-381-7000, ext. 555/
 (MHP)


CO: S&P ComStock ST: New York IN: FIN SU:

TM-LD -- NY003 -- 3655 04/07/93 08:30 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 7, 1993
Words:416
Previous Article:SCOTTS FISCAL SECOND QUARTER SALES FORECAST
Next Article:ROMANCING TELEVISION VIEWERS WORLDWIDE: COLLABORATION BETWEEN ALLIANCE COMMUNICATIONS & HARLEQUIN TO PRODUCE/MARKET TV AND VIDEO ROMANCE MOVIES
Topics:


Related Articles
McGRAW-HILL FORMS STRATEGIC ALLIANCE WITH LIBERTY BROKERAGE, INC.; BUYS 25 PERCENT INTEREST IN INTERDEALER BROKER FOR GOVERNMENT SECURITIES
REUTERS DELIVERS PLATT'S ENERGY, PETROCHEMICAL AND METALS INFORMATION
AMERICA ONLINE TO DISTRIBUTE STANDARD & POOR'S COMSTOCK'S FINANCIAL DATA
WAVEPHORE TO DISTRIBUTE STANDARD & POOR'S COMSTOCK STOCK QUOTES IN NEWSCAST PRODUCT
Clean Way Corporation - Trader Secrets.com to distribute Standard & Poor's Comstock Data.
Platt's Adds Dow Jones Energy Service, Offering World's Most Comprehensive Energy Market Information Service on Single Screen.
The McGraw-Hill Companies Signs Agreement to Sell Standard & Poor's ComStock Unit to Interactive Data Corporation.
North Sea Rig Utilisation Makes First Improvement Since November, According to Platts North Sea Letter Data.
The McGraw-Hill Companies Appoints Peter C. Davis Executive Vice President of Global Strategy.
The McGraw-Hill Companies Appoints Deven Sharma, President, Standard & Poor's.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters