Panel: Banks Target Data Vendor Consolidation for Cost Control

As firms continue to face pressure to control their market data spend, consolidating the number of vendors they work with and being able to engage vendors as partners has been key to managing their costs, according to a panel of end-user firms speaking at last week’s North American Financial Information Summit.

Whenever a vendor adds new services or expands the breadth of data, it creates an opportunity for firms to utilize those services instead of a separate provider, also allowing them to