Three’s Company: Platform Providers Get In On The Act
Some firms are seeing benefits in having core platform suppliers manage their data requests, rather than maintaining direct relationships with data vendors.
“I’m sorry. For now, I just need to see what everyone else is seeing.”
There was a time in the early days of electronic market data, in 1989, when a Reuters salesperson, trying to persuade a money manager away from Telerate’s government debt reporting service, heard those very words. It was a teaching moment. Even though the Reuters product was superior, as the client admitted, bucking the trend just wasn’t worth the risk.
Fast-forward to today: Telerate is long gone. And Thomson Reuters—its
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