To the Editor:

LETTER TO THE EDITOR

You suggest in "Rumbling for Reuters" (On Balance, Sept. 27) that David Grigson, Reuters’ CFO, "admitted" that Reuters is more expensive than Bloomberg and accordingly Reuters has introduced a hosted version of its premium product to bring down the cost to clients.

This misrepresents Mr. Grigson’s comments at the Cazenove Media Conference. He was referring to a number of sites where Reuters market data systems have been sold but, with new ways to view Reuters terminals, are no longer require

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