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At our Asia Pacific Financial Information conference in Hong Kong in October, one of the panelists compared the need for comprehensive data to a pilot's need to have a manual for every airfield. The pilot only needs the information if he is diverted to another airport. But he is in trouble if he fails to find the data on that one occasion. This is what many firms have realized in recent months. They have failed to ensure easy access to data needed in the event of significant market movement.

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