Trading Floor Technologies: Top Story of 2003: The Exodus to RMDS
TRADING TECHNOLOGY WEEK ANNUAL REVIEW 2003
NEW YORK--In one of Reuters’ most controversial moves, the market data and systems giant decided to obsolete the venerable TIB and Triarch market data distribution platforms, which comprise 80 percent of all trading room platforms.
The bold step is intended to move user firms to the state-of-the-art Reuters Market Data System (RMDS) market data distribution platform (TTW, March 31). TIB and its related products were slated for "active obsolescence" by the third quarter 2003 and Triarch by the
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