2014 Review: Firms Stretch Tight Budgets to Meet Regs, ID New Data

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Firms sought to centralize market and reference data management, get rid of spreadsheets, and reduce complexity and total cost of ownership, while also focusing on hiring experienced market data staff.

For example, this year Dutch investment management Aegon Asset Management started to centralize vendor management, market data and IT procurement across its global branches, while asset manager Allianz Global Investors continued a multi-year project to centralize market data management across its

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