New Prebon Contract With Reuters Won't Be Exclusive


Prebon Yamane (USA) Inc. and Reuters are renegotiating a contract for the interdealer-broker's data that expired in October. The contract, which was exclusive, is being renegotiated as a nonexclusive pact, as Prebon Yamane has decided it will no longer offer contracts for its data on an exclusive basis. Meanwhile, the IDB, which differs from several of its chief money-broking rivals in that it has devoted less energy to wringing direct revenue from distribution of its pricing data, is consid

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