Investment and brokerage firm Prudential-Bache, an affiliate of Prudential Financial, has signed up to the QuoteTerminal market data system from Knowledge Technology Solutions (KTS).
QuoteTerminal delivers data either via the Internet or private network connection and at a lower cost than premium market data vendors Reuters and Bloomberg.
Under the deal Prudential-Bache will utilise KTS' private point-to-point network connection which offers maximum capacity and security and allows the firm to increase the number of QuoteTerminal systems in the future.
In addition, Prudential-Bache will have the option of subscribing to the vendor's new US and European market data and news product, MarketTerminal, which is to be released later this year.
Earlier this week, KTS secured a deal with Royal London Asset Management to install Quote Terminal in its UK business as part of a drive to rationalise market data subscription costs.