IMD: Having originally been appointed to the management board in 1994, you have presided over VWD Group for more than 15 years. What would you identify as the key changes that have occurred in the industry over those years, and how have those changes affected the business of market data?
Keferstein: We have seen an enormous increase in the amount of data to be handled on a daily basis. That clearly represents a trend in investment banking and provides the market with the possibility to realize pr
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