Industry Cuts Signal Need for Quality Data

In addition to the bloodbaths at investment banks' credit desks, our own market data niche has not gone unaffected as end-users, exchanges and vendors have all tightened their belts and cut staff, both as a reaction to the credit crunch and ensuing downturn, and as an inevitable result of the consolidation that is sweeping the industry.

Thomson Reuters, for example, is cutting staff at its newswire in London via a voluntary redundancy program following the merger of Thomson and Reuters, though