Consultants Help Lehman Brothers to Rationalize Market Data
DATA CONSUMERS
LONDON--Trading Floor Partners’ (TFP) market data consultants helped Lehman Brothers save over $10 million a year by rationalizing its market data supplies and eliminating two of them.
Banks are in the grips of merger mania--trying to achieve economies of scale to make profit margins grow--and consultants say that rationalizing market data is one of the areas that can save a newly merged trading floor the most money.
Market data consultant Steven Beecroft of Trading Floor Partners says that his
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