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Article: Bridge Snags Dow Jones Markets.
- Article from:
- Bank Technology News
- Article date:
- May 1, 1998
CopyrightCOPYRIGHT 1998 Thomson Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bridge Information Systems became the world's second largest financial data vendor, after winning fervent bidding for Dow Jones Markets, the real-time data unit of Dow Jones Co.
The acquisition adds 90,000 desktops to Bridge's current 75,000, giving it a presence on 165,000 traders' desktops worldwide. That's still small fry compared to the 435,000 screens that Reuters appears on. But it ekes past Bloomberg, which sits on 90,000 desktops.
The two combined could also have revenues that make them second only to Reuters. In 1996, Bridge's revenues were $370 million, and Dow Jones Markets were $864 million, according to the vendors, for a total of $1.3 ...