Firms Vent Frustrations with Vendor Relationships
A panel of market data managers at the European Financial Information Summit called on regulators to rein in data vendors’ cost practices.
At a panel during the European Financial Information Summit (EFIS) in London on September 13, several data officers from buy-side and sell-side firms expressed frustration stemming from their relationships with vendors, specifically with regard to outdated licensing agreements and price models for data.
“Despite what certain vendors may think, we don’t have an unlimited budget for data. Budgets are in fact quite strict,” said Cornelia Andersson, head of market data and research at Blackstone
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