Credit Suisse signs up for RMDS

RMDS provides data in real time. Reuters said the installation of the new system would begin imminently, and would serve up to 500 of the bank's employees when completed.

A Reuters spokeswoman had no date for the expected completion of the upgrade. She was also unable to comment on cost, although Peter Lankford, head of marketing for enterprise information solutions at Reuters, said the system would reduce costs for Credit Suisse.

The bank currently uses legacy TIB and Triarch data management systems, as well as numerous services developed in-house. Credit Suisse selected RMDS partly because it can be run alongside these existing systems.

Peter Hutter, head of market information at the Swiss bank, said the existing market data systems are heavily integrated into its infrastructure. “We can take advantage of new features without having to change too many of our applications or networks,” he added.

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