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Tech Industry

Short Take: Telescan buys stake in Trading Technologies

Telescan purchased a minority stake in Trading Technologies, a software company that is developing a stock trading software application. Telescan hopes to offer this application as a first in a series of advanced trading products. Terms of the deal were not disclosed. The companies will try to provide other trading products for investors who want instant execution of their trades. Telescan provides data retrieval and other Internet services to financial institutions.

    Telescan purchased a minority stake in Trading Technologies, a software company that is developing a stock trading software application. Telescan hopes to offer this application as a first in a series of advanced trading products. Terms of the deal were not disclosed. The companies will try to provide other trading products for investors who want instant execution of their trades. Telescan provides data retrieval and other Internet services to financial institutions.