Bear Market Sparks Question: Is It Time for Market Data Management?

ORGANIZATION AND MANAGEMENT

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

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