Listen to the Bear

BEFORE THE SPIN

Hot memo to Reuters: Please take note of what Peter Esler, managing director and global head of market data for Bear Stearns, is saying (see also our story on page 1).

After almost a year of testing the Reuters Market Data System (RMDS), Esler is not yet convinced of the benefits of the next-generation market data distribution platform.

"I still don’t see the value-added proposition," Esler says. When I point out Reuters’ arguments of a streamlined distribution environment that can lead to server

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