Cost-Saving Tips at Waters Event

Finding new ways to save costs was a central theme at the market data management panel at last week’s Waters 2003 Congress in New York.

David Russell, vice-president of market data services at Wachovia Corp., says he has been able to share responsibility for costs by bringing the business units into the decision-making process. "We let them make the decisions, but it also empowers them with the budget; the budget is now in the businesses, not technology," he says. "We bear responsibility of