Vendors Must Change Business Models

Market data vendors must change their business models to meet the evolving needs of customers or risk losing business to a new wave of competitors, says Tee Williams, a consultant at R. Shriver Associates, in a white paper published last month.

Prospects for traditional vendors--which often provide integrated products including computers, networks and distribution technologies as well as data--are declining in the current economic climate of cost cutting and a contracting user base. At the same