Picking Up the Pieces: Smaller European Vendors Capitalize on Downturn
INSIDE MARKET DATA ANNUAL REVIEW 2003
As firms continue to look for savings and lower-cost solutions, smaller, often local, vendors have been able to pick up new clients and revenue.
While users are spending cannily (when they spend at all) and making the big vendors work much harder for their money, they are also looking to niche providers to create cost savings, especially among off-trading floor staff who don’t need premium services.
In the UK, Thomson Financial felt much of the pressure, as its Topic set of products saw new
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