NAFIS User Panel: Cost Pressures Drive Novel Admin Approaches

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Though the economic outlook is improving for US banks, their market data budgets are still under pressure, forcing firms to continue strict cost management initiatives, and to consider novel approaches to mitigate fee increases, such as signing longer-term agreements and moving to on-demand delivery options, according to a panel of end-user data execs at the North American Financial Information Summit.

Riding the current positive sentiment, Steve Listhaus, head of market data services at Wells F