Last year, many software and data vendors started targeting new markets. Investment in new projects in financial centers such as New York and London dropped, while requests for proposals from firms in other regions rapidly increased. The Middle East was one such region - a place where firms are starting to grasp the need for improved data quality and centralized processes.

In March 2010, industry association FISD held its inaugural market data conference in Dubai. Washington, DC-based Tom Davin,