IDC finalises S&P Comstock acquisition

"We are very pleased to have completed an acquisition that offers so many opportunities to expand and strengthen Interactive Data Corporation's business,” said Stuart Clark, president and chief executive of IDC.“

IDC paid $115 million in cash for ComStock, a former unit of Standard & Poor's, which in turn is owned by The McGraw-Hill Companies.

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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