Baring Asset Axing Topic3
DATA CONSUMERS
Baring Asset Management will not renew the Topic3 terminals used by its European fund managers, market data manager Robert Nath tells Inside Market Data. He says the service, provided by Thomson Financial, no longer meets the firm’s changing business needs. Cost rationalization is not a direct factor.
"Topic3 is very UK-oriented, though there is some European and global data on it," Nath says. "Our UK and European fund management area has merged; it’s now pan-European. We need something spanning
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