BNP PARIBAS PURCHASES 3,500 REUTERS 3000 XTRA

London/Paris - BNP Paribas and Reuters have signed a multi-million dollar deal for a global content and technology solution, including 3,500 accesses of Reuters flagship service 3000 Xtra, to support the Bank's business in 23 countries around the world.

In addition to the Reuters 3000 Xtra accesses, the Bank has agreed an option to purchase 700 licences for TIB Rendezvous. The messaging middleware will link communication from the front office to other parts of the Bank's operations, including the middle and back office functions.

Reuters 3000 Xtra service will be deployed to support a range of the Bank's activities including fixed income, corporate banking, equities, and buyside operations. This service will provide unrivalled global data and advanced analytics to financial professionals in key centres including Paris, London, New York, Zurich, Tokyo, Singapore and Hong Kong.

Steve Gillen, Head of IT Global Markets Group at BNP Paribas, said: "This contract cements the strategic alliance we have with Reuters and allows us to make full use of Reuters Market Data System. We are now moving ahead with the global deployment of a common desktop and market data infrastructure for the bank. The contract also underpins our development strategy for the use of TIB Rendezvous as the messaging middleware for the majority of our trading applications."

Philip Green, Chief Executive, Reuters Financial, said: "We are delighted that BNP Paribas has chosen Reuters to support its information and technology strategy. Working closely with the Bank, we have been able to develop a truly global solution which provides unrivalled data coverage, and the flexibility of an open technology platform."

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