How can financial firms better manage spiraling market data costs?
Global spending on financial market data and news has continued its decade long growth-streak with revenues jumping 4.7% to a record $37.3 billion in 2022 and with Burton-Taylor International Consulting 2023 figures imminent, similar increases in spending are expected.
Although real-time trading and data spending accounted for the largest share of total revenues, strong demand for pricing, referencing and valuation data also drove spending.
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