Fortis Ousts Reuters for Telerate

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Fortis Bank plans to remove Reuters data screens and data distribution platforms from its trading floors in Benelux and replace them with Telerate products in a five-year deal, despite continued reports that Reuters is buying Telerate.

The contract, financial terms of which were not disclosed, follows a two-year review of the bank's market data services.

The deal covers 700 positions of the latest version of Telerate's Active8 data display, which will run off Telerate's TRS data distribution

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