Saxo Initiatives Slash Data Spend

According to John Madsen, head of market data at Saxo Bank, who delivered a presentation on the bank's data strategy at Inside Market Data's European Financial Information Summit last week, a data governance model that establishes "ownership" of data within an organization, and which fits within a firm's overall business strategy, is a key foundation of being able to reduce costs.

"There must be clear ownership of who handles data, and who picks up the bill," Madsen says. "We centralized [data ma

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