These passes are traditionally sold in bulk to institutional customers and also to the general public at Bulktix.com.

That is considerably less than institutional customers pay with conventional systems, he said.

These institutional customers required consistent quality products that were available in sufficient quantity all year long.

The 300-pound blocks made in the Bronx plant are sold to hotels and other institutional customers.

Some institutional customers pay more than before, and others less.

They had been placed by five different institutional customers over a number of months.

So far, that business has focused on institutional customers.

The survey also found that nearly half of the respondents sold to both grocery and institutional customers.

The company delivers electronic information products by subscription to institutional customers around the world.

No leading brokerages have said whether the reduced rate would be passed on to individual and institutional customers.