TECHNOLOGY

TECHNOLOGY

Automatic Data Processing (ADP) has acquired the information services business of Citicorp's CrossMar data and services unit. Terms are not being disclosed, but sources close to the deal say ADP is paying more than $5 million for CrossMar's five information products.

Included in the transaction are the Global Rate Report and FX-Quote datafeeds, which provide real-time foreign exchange prices contributed by around 50 banks globally. ADP already carries this information on its FX partner term