Whose Data Is It Anyway?

OPEN PLATFORM

NEW YORK--Have you looked at the cost of your market data services recently? If the answer is "no," then you’re probably not in a market data role, or you soon won’t be.

The fact is, banks and financial institutions spend a small fortune providing timely, so-called "real-time" data to their dealers and other people who need it. Large sums are also spent on people who don’t need real-time data or who have only an occasional need. For example, the revenue generated each year by Reuters alone i