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Users Redefine What Value Means

INSIDE MARKET DATA 2004 REVIEW

Value is replacing cost cutting as the latest buzz-word among users, according to "Users Unwrapped," a panel of market data executives from seven user firms.

Some banks are still focusing on cost reduction: "We are leveraging our global presence to get the best buying power, lower TCO, and co-ordinating a global approach to dealing with vendors," in addition to an overall reduction in the number of vendors, said Kevin Milgram, director of Global Sourcing at UBS Investment Bank.

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