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Cut Bloomberg Data License Usage Costs with Xmon in Autopilot mode

Xmon offers state-of-the-art technology to track data requests and achieve significant cost-savings. Is this something you know your firm would benefit from but you don't have the internal IT resources to implement such technology? Don't Worry! Internal IT resources aren't needed. That's right... internal IT resources are NOT needed!

Cut Bloomberg Data License Usage Costs with Xmon in Autopilot mode

Xmon Autopilot is simply a "plug and play" Solution

Xmon operates in three different modes (Active, Passive and Autopilot), giving clients flexibility in implementation depending on business requirements and data access types. Completely agnostic to the number of data consumers and their connectivity details, Xmon Autopilot is simply a "plug and play" solution. Its capabilities for providing transparency and savings on costs are undiminished. This is thanks to Xmon's ability to track and SFTP requests with the finest level of granularity, down to the security IDs and requested fields. 

Some of our clients operating in Autopilot mode have considerably trimmed their costs on Bloomberg Data License (BBG DL) usage.  Want to learn how? 🤔

Xmon Client Use Case 1

This client is a large asset manager with over $2m BBG DL annual reference data spend. After an initial phase of data collection looking at repeat costs, BVAL cost requests and using the Xmon field-level analysis, we were able to deliver a detailed analysis of expenditure and recommendations for cutting costs. This resulted in this client achieving a total spend reduction of 28% and Xmon ROI achieved was 577%.

Xmon Client Use Case 2

This client is a mid-sized European hedge fund with ~400k BBG DL annual reference data spend. The reconciliation feature, Simulation feature, field-level analysis and detailed request tracking by Xmon resulted in the client achieving a total spend reduction of 34% and Xmon ROI achieved was 591%. 

(View full Use Cases as PDF)

Xmon Client Use Case

Xmon Client Use Case 3 

This client is a large asset manager with over $4m BBG DL annual reference data spend. Once the Xmon field-level analysis and time series analysis were carried out and action was taken this resulted in the client achieving a total spend reduction of 28% and Xmon ROI achieved was 1,179%. 

Don't take our word for it

These are just a few client examples of the significant cost reductions that some of our clients have been able to achieve by using Xmon in Autopilot mode with minimal IT and clients side resourcing. The implementation is seamless, and the benefits quickly become tangible! Don't take our word for it, read more on how these savings were achieved in our latest Client Use Case.

Want to learn how XMon in Autopilot mode can significantly trim your BBG DL costs?

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