Costs, Cuts Dominate User Projects
"The industry has faced up to... $10 billion of write-downs from sub-prime, and has seen 48,000 jobs cut," said Steve Listhaus, head of market data services for corporate and investment banking at Wachovia. "For many firms, the costs of market data stand only behind personnel and real estate... and seems a good place to cut."
"We will work on platform consolidation, market data consolidation... and we are leveraging the breadth of Citi to consolidate vendors," said Catherine Louisy-Louis, head of
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