Swiss Bank Plans Market Data Overhaul With Perot Systems
DATA CONSUMERS
Swiss Bank believes its approach to market data is "too fragmented and reactive," and that "the vendors are in control," according to an internal document seen by IMD. The firm is aiming to turn the situation around and cut market data costs by at least SFr 20 million or $16.6 million, with its Purchasing Advantage and Cost Effectiveness project, known as the Pace initiative.
The Pace project is focused on evaluating and rationalizing the bank's market data expenditures. SBC spends about SFr 140
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