There's a new danger lurking out there, threatening to disintermediate the business of information for financial markets. Who could it be this time, you wonder.

We've been through lowbrow California-based garagists with funny-sounding names. We've watched disgruntled seniors drop out from the mainstream vendor movement. And we've watched brokers, dealers, interdealer brokers and banks all take stabs at selling information under "value-added" banners, shrieking the "it's-our-data-anyway" battl

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