Cost, Streamlining the Focus for Users


User firms continued to focus on cost cutting in 2004, but they also were willing to invest money in new projects and product rollouts.

UFJ International, the London-based global investment banking arm of Japan's UFJ Bank, was among those prioritizing cost cutting (Jan. 12). It shaved nearly £400,000 off an annual market data budget of over £1.2 million, following a review of its middle- and back-office data needs by London-based market data consultancy Buttonwood Tree.

Northern Rock Group Tr

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