Client Success Story: Benchmarking Market Data Services - Comparing market data spend with peers

The Client ✍️

Quantitative comparison of market data services used by the client and peers sheds light on the presence of market data services within client's organization and may trigger follow up.

The client is an international Asset Manager. The market data organization suspects a relative market data overspend compared to peers, but has no indicators to substantiate this.

As a starting point the client wants to compare the market data cost with peers, both on enterprise level and also on certain business activities.

TRG Screen market data value index 👩‍💻

1. The index value for each company is plotted against Asset Under Management (AUM)
2. An index value below 40 assumes relative over-servicing of market data services
3. An index value of over 40 assumes adequate effectiveness of market data services in place

Conclusion & Follow up ✔️

✅ Client is relatively over serviced with market data services from a quantitative point of view
✅ Target is to move from now 25.79 to 35 in three years by optimising setup of market data services
✅ Proceed with departmental peer comparisons