Systems Inc./Troy Systems Ltd. Citi's Own Quest

VENDOR STRATEGIES

The biggest prospective client for the data is Citicorp itself. CrossMar earlier this year began providing its feed to each of Citi's trading desks for evaluation. Citi is already a customer for the group's video-based Global Report product.

According to sources, Reuters, the primary source of foreign exchange rates, earns some $36 million annually from Citi, the biggest player in the forex market. To Telerate, Citi pays some $14 million each year, sources say.

Sources at the bank suggest it

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