Firms Eye ‘New’ Data as Content Spend Remains Flat

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Don Madura, Citi; Chris McGuigan, Tullett Prebon Information; Tom Boran, Citi; Todd Hazelkorn, Infinium Capital Management; John Netto, M3 Capital

Budget constraints are forcing firms to be more innovative in how they use market data to secure maximum trading returns, with panelists at last week’s North American Financial Information Summit reporting that “flat is the new up” when it comes to their data spend.

Tom Boran, director of market data services at Citigroup, said that since 2008, end-users have become increasingly cost conscious with respect to their P&L, and are therefore exercising more discretion when it comes to content acquis