Innovating Together: Reflections on TRG Screen’s December User Group
By Suzanne Ward, Chief Product Officer, TRG Screen
By Suzanne Ward, Chief Product Officer, TRG Screen
Global spending on financial market data and news has continued its decade long growth-streak with revenues jumping 6.4% to a record $44.3 billion in 2024 and with Burton-Taylor International Consulting 2025 figures imminent, similar increases in spending are expected.
Although real-time trading and data spending accounted for the largest share of total revenues, strong demand for pricing, referencing and valuation data also drove spending.
Navigating this landscape can perilous for some financial services firms – not only due to the increasing complexity and value but also the potential for errors – and many find themselves confronted with a pressing question: How can we effectively optimize our market data costs and consumption?
The market data landscape is constantly evolving, with the volume, diversity and cost of market data growing and shifting year by year. This rapid expansion has introduced new challenges for financial firms of all sizes, leading them to reevaluate how they manage this crucial information from a commercial standpoint.
Market data becomes more complex by the year, driving record levels of expenditure and pressuring busy commercial teams to control costs while lending their subject matter expertise to support business growth.
Global spending on market data has hit new records every year for a decade but are financial firms and other users of this vital information reaping the full value of their subscriptions?
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