Moneyline Telerate, the financial information firm, has beaten rival Reuters to provide Icap, the world's biggest interdealer broker, with its market data distribution system.

Icap is moving its offices in London and as part of a complete technology overhaul has chosen to license Moneyline's trading room system, a direct competitor to Reuters' market data terminal, as well as its desktop screens which will be rolled out to 700 broking positions this May.