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How can financial firms better manage spiraling market data costs

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.