Postcard From Singapore

OPENING CROSS

Never turn your back on the market data industry for a minute. No sooner had Inside Market Data jetted off to the Asia Financial Information Summit than the Chicago Mercantile Exchange and Chicago Board of Trade decided to merge, and Reuters sold its stake in Factiva to Dow Jones, Reuters' partner in the joint venture.

Deals such as the CME/CBOT merger often leave those who guard the data purse-strings rubbing their hands with glee, as the merger synergies should result in lower market data c