Banks: Data Usage Reviews Key to Costs

Firms are reviewing market data inventory across the board, and eliminating redundant exchange feeds on multiple terminals used by the same employee is one of the easiest routes to achieving cost savings, said Mark Januszka, vice president and head of enterprise data management for the Americas at HSBC. Januszka added that HSBC sends monthly reports throughout its organization listing the services subscribed to by individual users on a line-by-line basis, so that business managers can better det

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