Merrill To Cut Market Data Costs, Vendor Contracts

THIS WEEK'S LEAD STORIES

As part of a larger effort to give individual "business units" more control over systems costs, Merrill Lynch & Co. is reexamining contracts with its 62 market data providers. Designed to curb mounting market data expenses, the measure should aid Merrill in its overall cost-cutting strategy that includes recent layoffs of 1,000 employees.

So far, Quotron Systems Inc. has been the biggest casualty of Merrill's policy, soon to be followed by Reuters Holdings PLC, says Bruce Turkstra, Merrill's

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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