NEW YORK--The bear market has sparked many major Wall Street firms to tighten market data budgets. Some have already started to snip services in response, officials say.
A market data manager at a major broker/dealer confirms those reports, acknowledging that its own firm has made cuts in response to the market downturn. "Suddenly they realized that we need austerity measures," the market data manager says. "Every broker/dealer is going through the same type of analysis."
The bear market has a
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
- Bloomberg’s Chat Gambit: The Feint Before a Knockout?
- Gardening, Uber & Culture: Takeaways from this year's WatersTechnology Innovation Summit
- Waters Wavelength Podcast Episode 96: CAT Concerns & Big Tech Takes Aim at Asset Managers
- EU Gets Tough on ‘Research’ Unbundling
- Fintech Could Demolish Europe’s Capital Markets Union Barriers