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Rating:Russell Buys FT Interactive Unit Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 06, 2003

Russell Buys FT Interactive Unit

by: Sean Hanna, Editor in Chief

Russell/Mellon Analytical Services picked up new index distribution capability from FT Interactive Data. The deal brings the Tacoma, Washington-based unit of Russell data collection, reconciliation, formatting and distribution capabilities for third-party benchmark info. The unit claims 27 European asset managers as clients.

The Edinburgh-based unit of FT Interactive will become part of Russell/Mellon CAPS. Additional terms of the deal were not disclosed.

"Providing daily benchmarks is an extension of our worldwide business capability and is consistent with our long-term strategy to enhance our products and our clients' performance systems," said Bill Pryor, chief executive officer of Russell/Mellon Analytical Services. 

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