WestLB Outsources Data Tech to Reuters

Though migrating to a hosted RMDS solution, WestLB does not plan to change the way it contributes or distributes data within the bank. For example, traders will not notice any difference in the way they contribute prices to RMDS via Excel spreadsheets, says Alexandra Balloff, head of market data at WestLB. "We're still using RMDS in the same way as before, it's just not at WestLB sites anymore," she says.

However, the new agreement should simplify support for the bank's data backbone. Previou