Deutsche Bank Set To Ink Pact With Reuters For Discounted Trading Room Systems

TECHNOLOGY

Deutsche Bank is set to sign a wide-ranging trading room systems purchase agreement with Reuters Holdings PLC. Under the agreement, the West German bank will have the option of buying Reuters equipment at discount prices for installation at its foreign exchange and capital markets dealing rooms worldwide.

The deal, valued at between $30 million and $40 million, will be a boost to Reuters' trading room systems operation, whose credibility was dented by the rejection of its TRIARCH 2000 data di