LME Buys Quote Feed Service From Reuters After Fees Battle


After a protracted battle in which other vendors collectively accused Reuters Holdings PLC of anti-competitive practices, the London Metal Exchange has opted to purchase the quote system Reuters developed for the LME. The LME will sell the feed to third-party vendors for redistribution. The deal insures that by June 1990, the system will deliver all prices simultaneously to all vendors, including Reuters.

After winning the bid to design and develop the LME's quote system, Reuters had proposed

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