Telerate's Trading Service Nears Extinction Only 69 Pay, Revenues Of $4 Million In '91?

- By FX Markets Staff
- @FXMarkets_
- 07 Feb 1992

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Although Telerate Systems Inc. officials say the company remains committed to the project, its efforts to keep The Trading Service (TTS) alive may be too little too late, according to bank officials and sources close to the company. Revenue from its conversational foreign exchange trading system totaled less than $4 million last year and less than $400,000 in North America and Asia, these sources contend. Even though Telerate lists some 400-plus gross orders, it currently has 145 customers, of

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