RMDS manages financial content in real-time across trading environments and will be deployed by UBS Investment Bank worldwide to replace its current Triarch infrastructure. In addition to serving Reuters premium desktop product, Reuters 3000 Xtra, RMDS will also feed a large number of business critical applications within UBS, such as risk management systems, and the bank's trading platforms.
UBS Investment Bank's decision to take RMDS was driven by a desire to select a new strategic platform on which to build its market data services and reduce its costs whilst improving performance.
The RMDS agreement forms part of a broader deal, which includes content, desktop and datafeeds. Following a user profiling exercise, UBS Investment Bank is moving a significant number of users to an RMDS-based browser solution which integrates market data, internal and third-party data and news, for distribution directly to end users at the bank.
Peter Healey, Managing Director, Fixed Income, Rates & Currencies at UBS comments: "Putting RMDS at the centre of our operations will deliver a great reduction in cost of ownership and provides a tailored solution with added benefits for our end users. Commitment to rapid development and client collaboration resulted in UBS choosing Reuters as a partner of choice and we look forward to Reuters helping us to achieve more of our objectives."
Peter Lankford, Head of Marketing for Enterprise Information Solutions at Reuters comments: "RMDS will feed a large number of applications within UBS and provides a renewed foundation for an on-going partnership with the bank. We are very pleased to have cemented our relationship with UBS through this new enterprise-wide agreement."