New working group to create open framework for managing rising market data costs
Substantive Research is putting together a working group of market data-consuming firms with the aim of crafting quantitative metrics for market data cost avoidance.
It’s not just about the fees; it’s about the cost.
Each year—or each contract renewal—market data users and procurement professionals can count on the dollar figures printed on their invoices to be bigger than they were last time. The difference is easily calculated, the upward trend easily parsed and graphed.
At the inverse, savings are equally as straightforward to seek, find, and—if the fates will have it—attain.
But Mike Carrodus is less interested in these two things on their own or even
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