LME To Upgrade Decade-Old Feed

DELIVERY TECHNOLOGIES

LONDON--The London Metal Exchange (LME) is currently upgrading its infrastructure for the Vendor Feed System (VFS) pricing feed. The new development, which is slated to go live in July, 1999, will replace the aging system that was developed for the exchange by Reuters in 1989.

John Vincent, market data manager at the LME, emphasizes that the upgrade, which will be named the Market Data System (MDS), will not result in changes to the data or format so vendors will not have to adapt to new line