The Administrative Burden Grows

FRONT PAGE: ADMINISTRATION & MANAGEMENT

Users, exchanges and vendors discussed how to reduce the burden of administration at the Financial Information Services Division meeting in Amsterdam earlier this month.

Speakers in a session on exchange administration agreed that vendors and users are spending a lot of time on paperwork and dealing with the various contractual policies imposed by different exchanges. This is leading some to advocate uniformity in contract terms.

Dick Boers, head of market data services at ING, said a uniform

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