Chase Manhattan Bank's current request for proposal throws down the gauntlet to data distribution system vendors, asking them to reduce the bank's trading-room market data bills.
Were the RFP's specifications of predicted data usage followed to the letter, Chase would be facing -- two years hence -- significantly increased billing for just about all of its current vendors, especially Reuters and Telerate. Indeed, even the bank's standalone service bills would go up.
But according to Bill Sch
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