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Landesbank Rheinland-Pfalz switches to Reuters market data platform

24 July 2003  |  3703 views  |  0 Landesbank Rheinland-Pfalz switches to Reuters market data platform

German bank Landesbank Rheinland-Pfalz (LRP) is rolling out Reuters' premium market data system (RMDS) to 100 staff across its offices.

The system replaces LRP's existing market data platform. The bank switched platforms after its previous supplier went into insolvency.

Klaus Jaeger, director, LRP, says: "One essential aspect for the decision in favor of RMDS was our urgent need of interfaces to connect with third party trading applications."

Reuters says the Tibco Hawk component from RMDS allows the bank to supervise the whole server architecture.

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