WestLB Picks MDSL in Re-Org

FRONT PAGE: ADMINISTRATION & MANAGEMENT

Dusseldorf-based investment bank WestLB is replacing BST AG’s FinOffice market data management software in Europe with MDM product from UK-based rival MDSL, only a year after implementing the BST system.

The move is a result of an ongoing reorganization of the bank’s market data management function to create a single global team and have all global market data usage and billing reported to a single database.

West LB installed FinOffice in March 2003 to manage data usage and contracts at the b

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