Of Glamour and RMDS

BEFORE THE SPIN

Quickly lost in the flurry of news last week about the Big Board and ArcaEx, Nasdaq and Instinet, IBM's troubles and the Wall Street rollercoaster were stories that appear to bolster Reuters' claims that there has been a slow but steady migration to RMDS.

None other than Reuters CEO Tom Glocer is acknowledging the progress to RMDS and even beyond (see story, page 9). In his own words, Glocer says that firms have been migrating "to lighter-weight delivery mechanisms and, in fact, taking out RMDS

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