Citigroup and NYSE Technologies, the technology arm of NYSE Euronext (NYX) have formed an agreement to embark on a wide-ranging market data compliance and cost savings strategy, both companies announced this morning.

The strategy includes the use of NYSE Technologies’ enhanced product suite, built on DART technologies, in collaboration with Jordan & Jordan, a market data management consulting and information technology services firm, to create a managed service that will facilitate the reduction of market data administration costs.

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