State Street Global Advisors' Vendor Program Cuts Data Costs

BOSTON-The investment management division of State Street, State Street Global Advisors (SSGA), has stopped significant annual increase in data spending by centralizing vendor management, Inside Reference Data has learned.

Focusing on data governance, a project started in late 2002, has helped Boston-headquartered SSGA better monitor data costs. "We were seeing our spend increasing by an average 20% annually," says John White, principal, investment management data services, adding that averag

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