IMD Chicago 2011: Users: Centralizing Data Management Cuts Costs

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In an effort to manage and reduce costs, firms are increasingly centralizing their data management and procurement functions in the face of more stringent reporting requirements, both for regulatory compliance as well as data usage reporting to vendors and exchanges, according to a panel of end-users at last week’s Inside Market Data Chicago event.

Asset management firm Northern Trust has over the course of the last three years established a central market data procurement group to review and

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