Market Data

Mid sized Financial Markets firms spend proportionately more than their larger rivals on Market Data services and are often unaware of the full extent of their spend. We have successfully delivered significant savings in the cost of Market Data to several Financial Markets firms.

We have deep expertise and a proven approach to identify and reduce the total cost of ownership.

Our methodology achieves fast results covering:

* Product and cost transparency as part of management information
* Consumption utilisation
* Vendor management
* Demand management and fit to business needs
* Overall Market Data strategy.

If you are interested please read our thought piece or contact us to discuss how we can help.

Case Study 1

Following a recent aggressive acquisition strategy, a European bank urgently needed to rationalise and review costs within its business infrastructure in order to meet both control directives and investment constraints.

We were engaged to review and resolve the organisation’s market data requirements. Our initial audit of existing market data usage revealed that the client's market data costs were even higher than they had realised. Working across all of the organisational divisions that purchased market data, we established the needs of each group and produced a consolidated view. This enabled cost-benefit analysis for each division and identified economies of scale and ‘best-pricing’ gaps that would realise cost savings in renegotiated supplier contracts. Duplicate services and redundant contracts were eliminated, transparency of service was created down to user level, full compliance was achieved and significant cost savings were realised.

Case Study 2

A leading money broker had been selected for a compliance audit by a major market data vendor and had serious concerns over their compliance status and potential exposure to the audit since the technology being used did not enable effective management of the market data.

We were engaged to accurately establish their position, undertake remedial actions and minimise any financial liability associated with non-compliance. We liaised with the vendor to ascertain the extent of exposure, migrated the technology environment to a compliant platform and managed the audit process. The audit resulted in full compliance being achieved, zero penalties negotiated with the auditing vendor and revised internal governance was adopted by the broker.