The Vendor Revolutions
ON BALANCE
The big stories of the past year--acquisitions, shut-downs, business and economic challenges--will all have repercussions in 2004. But one of the most important is the state of the market data vendor. By this we mean most particularly the market data aggregator.
These companies are under pressure from a number of quarters. First there is the difficult market, although that appears to be finally turning around.
Then there is the competition for institutional customers. Dominant vendors such as
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