CHICAGO BOARD OF TRADE GOING PUBLIC

April 25, 2005 - FreeMarketNews.com

The first offering from the CBOT will be under $40.00 and have a value of 260 billion dollars. Traders are already counting their money.  As always the staff will be given a few crumbs to keep them happy.  Best chance for late comers is to buy a small seat and get a few free shares.

 

MORNINGSTAR TO OFFER MINI-BLOOMBERGS?

Mar 02, 2005 - FreeMarketNews.com

by Neal Weintraub

Morningstar - the struggling mutual fund and stock information data firm which is looking to go public this year - may compete head-to-head against Bloomberg.

How will Morningstar make money besides selling subscriptions? One way is to come up with a mini-size Bloomberg machine. "There is market here for Morningstar," noted a veteran S&P trader.

It is almost impossible for the average consumer to obtain a Bloomberg terminal - and nearly as difficult to learn how to operate one. Absent CEO, New York Mayor Michael Bloomberg long ago made the decision that Bloomberg's information was to sit on a proprietary terminal operated via proprietary commands. Bloomberg even offers formal training to those who wish to operate its system.

Morningstar is casting around for ways to up revenue, and the mix of the data on a "Bloomberg" might be attractive to day-traders and professionals alike who covet Bloomberg's info but are reluctant to pay the high prices and figure out the complex screen technology.

"It's definately being considered," says one source close to the firm.

Before they go public, Morningstar must beef up customer service and public relations. Customers complain it takes up to two weeks for somone to return a call.

-Neal Weintraub is FMNNs' futures correspondent

 

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