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Bloomberg, Reuters Face Challenge From New-Tech Upstarts: Reuters Group and Bloomberg may be heading the same way as the now-defunct telex m…

Bloomberg, Reuters Face Challenge From New-Tech Upstarts: Reuters Group and Bloomberg may be heading the same way as the now-defunct telex machine, as upstart rivals are developing extremely low-cost systems that use the Internet to deliver data. Foe example, U.K.-based Caplin, for example, has for some time developed back-end data delivery systems. In January it launched a front-end application called Mongoose that allows users to view Reuters data via a Web-browser.

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