Fidelity Forms New Unit To Oversee Market Data

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FIDELITY Management & Research Co. (FMR) has formed a new, centralized market data group. The so-called market data services management unit will be responsible for implementing cost-control measures and managing relationships with financial information vendors.

To lead the new group, Fidelity has hired Frank Guerrera away from J.P. Morgan & Co., where he was a vice president. Guerrera, whose new title at FMR is director of market data services vendor management, will report to FMR director

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