"The reality is that budgets are tight, even though the economy is improving," said Richard Fish, global head of market data services at UBS. "Firms may see the economic cycle improving, but the more they can keep a lid on costs... the more you can improve margins."
"Our data budgets are still very much constrained-and that's not going to change just because we are seeing glimmers of hope [of a recovery]," agreed Ravinder Bhadal, global head of market data at Man Group. However, Bhadal added tha
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