Three’s Company: Platform Providers Get In On The Act

Some firms are seeing benefits in having core platform suppliers manage their data requests, rather than maintaining direct relationships with data vendors.

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“I’m sorry. For now, I just need to see what everyone else is seeing.” 

There was a time in the early days of electronic market data, in 1989, when a Reuters salesperson, trying to persuade a money manager away from Telerate’s government debt reporting service, heard those very words. It was a teaching moment. Even though the Reuters product was superior, as the client admitted, bucking the trend just wasn’t worth the risk. 

Fast-forward to today: Telerate is long gone. And Thomson Reuters—its

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