Relationships	Role	Relationship Start	Relationship End
Quotron Systems, Inc.	Parent	6/16/1986	11/3/1993
Quotnet Asia Corporation	Subsidary	4/7/1987	11/1/1993
Quotnet Luxembourg S.A.R.L.	Subsidary	12/20/1987	9/16/1993
Quotnet G.M.B.H	Subsidary	12/20/1987	7/8/1993
Quotnet Services (Singapore) Pte. Limited	Subsidary	12/20/1987	2/12/1993
Quotnet (France) S.A.R.L.	Subsidary	12/20/1987	2/11/1993
Quotnet (Australia) Pty. Limited	Subsidary	10/22/1987	2/11/1993
Quotnet (Switzerland) A.G.	Subsidary	12/20/1987	8/30/1992
Quotnet (Hong Kong) Limited	Subsidary	12/31/1987	5/30/1992
Quotnet (Nederland) B.V.	Subsidary	12/20/1987	1/6/1992
Quotnet Belgium S.A.	Subsidary	12/20/1987	12/29/1991
Quotnet (U.K.) Limited	Subsidary	12/31/1987	6/21/1988
Quotron International Company	Subsidary	6/16/1986	12/19/1987

Acquisitions & Mergers	Role	Assets	Acct Method	Type	Transaction Date
Quotron Systems, Inc.	Buyer			Discontinued	11/4/1993
Quotnet Asia Corporation	Seller			Discontinued	11/2/1993
Quotron Systems International (No.3), Inc.	Seller			Discontinued	12/20/1987
Quotron Systems International (No. 2), Inc.	Seller			Discontinued	12/20/1987