User Firms Strive to Preserve Choice

"We want to have competition," said Juan Corchete-Canavan, market data specialist at UBS, who added that competition is necessary to support innovation in the marketplace. However, if competition is lost, "then we have to reconsider things and foster alternatives," he said.

André Kelekis, head of market data projects at BNP Paribas, said that his firm tries to identify new niche providers and "make them grow in order to have more competition."

Although some have said that the Thomson-Reuters