User Firms Up the Pressure


User firms pursued a mixture of strategies to wring every last penny out of their market data budgets while still giving their end users what they need. Some spent on new systems and others cut existing ones, but few were able to complete the year without some kind of change--whether it be new technology, new suppliers or the consolidation of vendors.

The year began with the announcement of a major market data system upgrade at Credit Suisse’s private banking business. The bank replaced in-ho

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