It's the kind of thing that shakes everyone up. The announcement of Deutsche Bank's $10+ billion acquisition of Bankers Trust last week--even though it had been on the cards for a while--is sobering a few early holiday season revelers.

The deal will result in some 5,000 layoffs, mostly in New York and London. The trickledown effect will be more people looking for work, abandoned projects and canceled contracts. In other words, less vendor business.

So, big losses in the market data world?

If th

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