Citi Implements Market Data Compliance and Cost Savi
Strategy Using NYSE Technologies’ New Managed Mark
Administration Service
January 25, 2010 08:24 AM Eastern Time
NEW YORK--(EON: Enhanced Online News)--Citigroup Inc. and NYSE Technologies, a division of NYSE Euronext (NYX) an
market data products and services, announced today an agreement to embark on a wide-ranging market data compliance and cost
The strategy includes the use of NYSE Technologies’ enhanced product suite, built on DART technologies, in collaboration with Jo
market data management consulting and information technology services firm, to create a managed service that will facilitate the red
data administration costs.
Citi, the first customer for NYSE Technologies’ new market data administration service, will use DART (Data Administration and R
Technologies) on a global basis to implement key aspects of its market data administration workflow. The service will include, amon
direct reporting of entitlements to exchanges, exchange compliance, and the elimination of multiple user exchange fees across vendo
“Citi’s use of NYSE Technologies’ market data administration service is an industry-leading approach that emphasizes Citi's commi
compliance and expense control,” notes Don Madura, Global Head of Real Time Market Data at Citi. “This service allows us to en
compliance, reduce our administration costs and better control our exchange fees. It’s part of our strategy of faithful reporting and p
what we use.”
“To have a global financial leader such as Citi select NYSE Technologies’ managed service is a tremendous validation of DART’s v
today’s data-intensive environment,” said Jose Luis Coirolo, managing director of Global Market Data at NYSE Technologies. “Ou
help customers reduce their costs, and increase their efficiency, by managing market data in smarter, more effective ways. DART of
range of global, exchange-agnostic tools and services that address most aspects of a firm’s administration of market data.”
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