NAFIS 2014: Niche Data Proliferation Poses Cost Challenges

"There are too many vendors out there, and everybody has their own little niche. It makes it hard for a market data manager to figure out what's best. I've tried to migrate traders from one to another...but you find a lot of personal preferences," said Mark Januszka, regional head of data services for the Americas at HSBC Securities.

"On one side, I'd love a smaller number of vendors, because that would mean less to manage.... But as someone who buys data, I prefer competition─and if they all me