Financial institutions – large and small – keep struggling to keep track of their market data spend, usage and compliance accurately and efficiently - potentially risking unnecessary costs, and prompting more to seek outside help.
Xmon is the leading solution for monitoring reference data usage in real-time, optimizing spend and ensuring usage compliance.
No time or resources to manage? No worries! With Xmon Insights — Xmon’s managed service — we help you make the most of the analytics and optimization opportunities available to you.
The world of financial market data never stands still but 2022 is shaping up to be especially challenging for consumers of this vital information that underpins trade and investment in all financial assets.
Markets remain volatile, emphasizing the value of reliable and timely financial data. At the same time, inflation in the developed world is soaring for the first time in years, prompting firms to keep a hawkish eye on data costs and usage.
Ask market data professionals at any financial firm what keeps them awake at night and declaring their data usage to stock exchanges and other vendors is probably high on the list.
The task is time-consuming and growing in complexity. Getting it wrong can add to managers’ data costs and lead to unwelcome audits.
Post Covid-19, firms are now looking to shift their focus to more strategic goals. As a direct consequence of the pandemic, there are plans in place to review MiFID II to free up resources and encourage further investment. MiFID II had raised the profile of natural user netting by decreeing that every exchange must now offer some form of natural user netting program, where reasonably possible as of 2018.
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.
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