Lehman Brothers to Install Reuters 3000 Xtra In Three-Year Deal


LONDON--Lehman Brothers last week announced its plans to install 1,500 positions of Reuters 3000 Xtra in its offices globally. The three-year multi-million-dollar deal follows Merrill Lynch’s recent decision to take 1,200 positions in London (IMD, July 3). Merrill also has an option to buy an additional 800 positions. Xtra was launched in September 1999, and the first bulk sale involved 104 positions at BHF Bank in January (Trading Technology Week, Jan. 17).

Lehman will use the technology an

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