Forget about terminals and keystations. It's user IDs and passwords that count -- and that's precisely how Reuters will begin counting its presence in the market when it releases its half-year results next week. At the same time, Reuters will admit it's overcounted its number of users by an average of 3,000 to 4,000 over the past few half years.

Just days after Reuters went live with real-time U.S. Treasury prices from interdealer Treasury broker Liberty Brokerage Investment Corp. (IMD, July

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