ABN Amro in London Plans to Cut Costs By Increasing Number of Suppliers

DATA CONSUMERS

LONDON--ABN Amro in London plans to reduce the number of Reuters Terminal Workstations (RTW) and Open Bloomberg systems used on and off its trading floor by adding less expensive systems.

Alex de Salis, ABN Amro’s market data manager, says the bank currently spends "tens of millions of pounds" on market data, a number that he says can be reduced significantly. "The intention is not to get rid of every Bloomberg and RTW. Rather, it is to use them only where appropriate," he says.

De Salis and h

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