FreeRealTime Delays Start of Online Trading
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Bloomberg News
FreeRealTime.com Inc., which gives professional and individual investors access to stock market information online, postponed introduction of stock trading services because a business partner is being sold. Los Angeles-based FreeRealTime said its alliance with FarSight Financial Services was delayed pending FarSight’s planned sale by its owner, New York-based D.E. Shaw & Co. FreeRealTime had said in October that it would start offering online trading by this week. FreeRealTime shares rose $1 to close at $6 on the over-the-counter Bulletin Board. FarSight, which builds Web sites for financial service firms, could be sold by the end of March, a D.E. Shaw spokesman said.