LONDON, NEW YORK, October 12th 2004 – Telerate, a leading global provider of real-time information and transaction services, today announced an immediate termination of the sales agency agreement with FutureSource in the United States and the United Kingdom for Telerate products and services.
Prior to the termination, FutureSource was Telerate’s exclusive sales agent for the Energy and Commodity vertical markets in the United States and the United Kingdom. Following the recent purchase of FutureSource by Interactive Data Corporation, Telerate has decided to take back the sales and client relationship of these segments.
Mary Ivaliotis, Senior Vice President of Telerate, said "Telerate has compelling products in these markets and over the past two decades has built a significant franchise. We believe that by managing the customers directly, as we do in Asia and the rest of Europe and the Americas, we can more efficiently highlight the high quality content provided by Telerate and its partners such as Dow Jones and Platts and fully expose the benefits of our products such as Active8 and WebStation. In addition, this new arrangement will benefit our clients who will be better served by Telerate directly."