Noonan, Telerate In Court Fight Over FX Data Telerate Wins First Set, But Could Lose Match
BROKERS
Telerate Systems Inc. and U.S. foreign exchange broker Noonan, Astley & Pearce Inc. are in the midst of a bitter fight over real-time financial information, and foreign exchange transaction price quotes in particular. Although Telerate appears to have won the first round, and has obtained a restraining order that temporarily prevents Noonan from breaking its long-term agreement to provide the data, they may very well lose the match.
Now that the long standing relationship between the two has been
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