UFJI Slashes Data Spend

DATA CONSUMERS

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UFJ International (UFJI), the London-based global investment banking arm of Japan’s UFJ Bank, has shaved nearly £400,000 off an annual market data budget of over £1.2 million, following a review of its middle and back-office data needs by London-based market data consultancy Buttonwood Tree.

The savings have been achieved by standardising users primarily on Bloomberg, reducing the firm’s Reuters user base, and virtually eliminating Telerate data feed users, says Sally Hinds, head of Buttonwo

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