2003

FRONT PAGE: THE YEAR IN REVIEW

In taking a look back at the year that was, the most striking theme was change. Several data vendors made major acquisitions in order to enter new markets; at least two completed their withdrawals from the real-time market; and regional players sprung up to steal market share.

Much of the change was driven by the state of the market. Cost remained the top priority among users, and many cut products or consolidated vendors. Yet on a positive note, they also spent money, unlike 2002.

Another

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