Allianz Global Investors (AllianzGI) is a leading active asset manager with investment professionals in 25 offices worldwide. The Market Data Team is part of Global Procurement, managing 150 vendors and 1,850 contracts covering 1,300 users.
In the month of September, as part of the TRG RISE Together Wellness Program the TRG Screen staff took part in a 4-week mindfulness & meditation challenge.
There is a heavy price to pay for financial institutions that consume market data and other information sources but fail to comply with supplier contracts.
Getting to grips with data usage is a challenging task because there is so little existing infrastructure in place to track the use of information services, causing a real lack of transparency into actual data usage across a firm - leaving firms vulnerable. If you could easily understand access and usage, the benefits could be significant, don't you agree?
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Information & data managers at financial institutions are being asked to administer an endlessly growing list of information sources, greatly adding to the burden of managing the already-challenging relationships with vendors.
Firms’ appetite for cloud-delivered services and the trend towards working from home are also testing existing data licensing norms. The sheer volume and variety of licensing agreements means firms’ data teams are increasingly stretched.
Although, like many shows worldwide, most legal events TRG Screen attended this year were virtual, it was a busy events season none the less! And, we held our virtual Legal User Group meeting series as well.
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- Record data spend seen rising further
- Data becoming more complex, more costly
- Data optimization starts with full picture of data landscape
It’s never been more important for firms using market data to keep track of what they spend on this vital information and how they use it.
Yet, for many managers, monitoring the data landscape has never been more of a headache.
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