The Year Ahead


But first, let's look at what won't make it into the headlines quite so often this year. Cost control, for example, is still important, but it's no longer the obsession it once was. Firms are willing to spend if there will be a return on investment. Outsourcing is also losing its luster, at least in the market data industry.

Of course, many long-term trends will continue to make an impact. They include:

• Regulation, particularly the European Union's Markets in Financial Instruments Directive—aka

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