Data Terminal anxiety as big banks cut costs

Call it terminal anxiety. Big banks are cutting traders and analysts; hedge funds are struggling. And providers of financial information — the raw material of these firms — are nervously adjusting their collars.

According to a new survey by Burton-Taylor International Consulting LLC, 2016 could turn out to be the roughest year for the financial-data industry since the firm started scanning the horizon in 2011.  The firm asked about six dozen executives on their projections for market growth this year and next.  The responses were bleak. In most categories bar compliance, respondents said, spending in major markets looked set to be flat or only slightly up.

So who wins and who loses?

Read the full story here:  https://www.ft.com/content/5950311c-2961-11e6-83e4-abc22d5d108c

 



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