MDSL Launches Outsourced Data Management, Cost Control Service

The service, dubbed Market Data Expert (MDX), will enable firms that lack large data teams to hand off some of the administrative tasks associated with market data management to MDSL, to enable data staff and end-user firms to focus more on other areas that add more value.

Officials say that two firms are already beta testing the service-a US hedge fund and US mutual fund manager-and that MDSL is in negotiations with a number of other potential clients, which the vendor expects will mainly compri

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