Data giant Bloomberg is seemingly facing a degree of pressure from the industry with regards to both its planned service provider agreement (SPA) contracts for fund administration clients and the data provided via its Bloomberg Open Symbology (BSYM) initiative. Paris-based data association Commission des Services et Systèmes d’Informations destinés aux Opérateurs de Marchés (Cossiom) has been in negotiations with the data vendor for some time with regards to the introduction of a new licensing structure for SPA contracts that would mean they would have to pay per security in each individual client portfolio.

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