Moneyline Telerate, the bond data provider that is fighting to become the number two financial information supplier for fixed income, is changing its name to Telerate. It is overhauling its distribution at the same time to increase competition with rivals Reuters and Thomson Financial.

It will become the first of the big four data providers to open access by making its data available on non-Telerate systems. The move is in response to demands from clients for cheaper ways to access the information they need for bond transactions.