Moneyline Telerate is to integrate data sets and applications from Interactive Data Corporation (IDC) with its front office products and interactive feed services.
Moneyline will add ComStock's exchange-traded data and FT Interactive's evaluation data services to its front office workstations, along with IDC's terms and conditions data and security master services. IDC says the deal may also include data from its CMS BondEdge and eSignal services.
Moneyline is currently at the centre of an escalating legal dispute with Reuters over unpaid ticker technology fees of $18.3 million. Reuters filed a lawsuit in New York last Tuesday, and said it will cut off Moneyline's market data supply on December 19th. Moneyline has since put the disputed cash into an escrow account in order to remove "the sole purported basis for Reuters' termination of the contract."
Commenting on the deal with IDC, Christopher Feeney, CEO of Moneyline Telerate, says: "Feedback we receive from our clients indicates a strong desire to break traditional vendor dependencies and form more co-operative enterprise-wide relationships with suppliers they can trust."