BarCap to Consolidate Vendors
DATA CONSUMERS
Barclays Capital has begun consolidating its market data services vendors in order to reduce expenses and maximize its vendor relationships, executives tell Inside Market Data in an exclusive interview.
John Durrell, director of vendor management, IT at the firm, says Barclays Capital has more than 100 market data vendors, which he calls "a bit high for a bank our size." Durrell says the firm will reduce that number and focus on vendors with which it can work closely and strategically. "All of
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