DJM's Risk Management Unit Faces The Axe Under Restructuring Plans


DOW Jones Markets (DJM) is closing down its nascent risk management division, according to sources close to the vendor. The move follows cutbacks at DJM after its parent Dow Jones & Company abandoned its ambitious three-year plan to revitalise the former Telerate with a $650 million investment.

Despite heavy reporting on the drama at DJM (Inside Market Data, November 27), sources say staff have not been officially informed of the aborted $650 million investment or any possible sale of the company

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