More Dealers to Bypass Data Vendors
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As markets become increasingly time-sensitive and even the largest program trades are executed in milliseconds, Citigroup and other leading investment banks are likely to spend more money on their own ticker plant technology, bypassing data vendors.
"Disintermediation is the big challenge this year. I’ve got more machines looking for more data, and they need it faster than the vendors can supply," Dan Martone, senior vice-president of market data operations at Citigroup, told an audience at Insi
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