User Firms Tighten Data Spend
With cost savings high on everyone's agenda, panelists agreed that accurate measurement of market data spend is a key prerequisite. André Kelekis, head of global market data strategy at BNP Paribas, cited an industry research report that found only 60 percent of banks could accurately break out per-user data costs. The research also found a clear correlation between market data administration resources and per-user data spend. "The more you spend on data administration... the less you spend per
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