Users Rethink, Re-organize as Costs Remain Key
Some firms focused on analyzing their market data usage to identify services that could be reduced or cut. For example, Dutch asset manager Robeco began a program to reduce its annual data spend by up to 15 percent over the course of a year by targeting overlapping data services and cutting back on its biggest cost centers (IMD, Oct. 26). Earlier, investment bank and online broker Saxo Bank announced an even more stringent program, targeting market data cost cuts of 28 percent in 2009 alone by
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