Users Seek Tighter Control on Data Spend

John Madsen, head of market data at Saxo Bank, said that a centralized data procurement function is crucial to eliminate potentially costly overlapping data services, which can occur when individual departments source data themselves. Madsen also warned against returning to decentralized purchasing decisions when the economy recovers, noting that "we need centralization in the market data function in both good and bad times-and it's not just about reducing the cost, it's about creating an