Spending on Market Data to Rise

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Market data spending will increase in 2004 and 2005, according to interviews conducted by consultant Accenture.

Accenture interviewed 500 traders, analysts, bankers, CFOs, COOs and market data executives to determine "why they look at the data they look at," Dhiren Rawal, global managing partner for Accenture's market data services, tells Inside Market Data.

The company estimates that spending on real-time market data should pass $7 billion in 2004, based on research showing that when the

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