We also see the results our clients achieve with TRG Screen solutions – real, repeatable value. They cut wasted spend, free up time and reduce risk. What we wanted was a clear, objective way to quantify that impact.
So, we decided to take a closer look.
What we set out to do: objective assessment of ROI on TRG Screen solutions
Our goal was straightforward: to clearly understand where real business value is being created and to get an independent look at value being delivered to TRG Screen clients.
Why? Because it’s one thing for us to say it and to know instinctively that we deliver real business value for our clients. It’s another to have an outside firm do their own assessment.
That meant taking an independent, evidence-based look inside real market data programs, before and after firms adopt a proactive approach with TRG Screen solutions.
Just as importantly, we wanted to give firms a practical way to explore that impact for themselves, based on their own market data estate. A way to explore what their own ROI could be, based on real-world results.
How we went about it
To do this, we engaged Hobson & Company, an independent firm specializing in ROI analysis, to speak directly with our clients.
They conducted structured interviews and analyzed real program data to understand:
- What market data estates looked like before proactive management
- What changed once firms gained full visibility and control with TRG Screen solutions
- Where value was actually being created in practice
The output is a grounded, reality-driven, qualitative and quantitative assessment of how market data management performs in the real world – based on what firms were doing, what changed, and what outcomes followed.
What the research found: with visibility comes more power and more savings
The analysis highlighted a common set of challenges across organizations. Firms were generally aware that market data was complex and costly.
What was less visible were the cumulative effects of limited visibility and governance across their market data program. Among them:
- Unnecessary or hidden spending on market data even after a user changed roles or left the firm
- Duplicate subscriptions across desks
- Renewals defaulting without proper oversight
- Missed pricing and policy changes
- Unclaimed credits
- Huge amounts of internal time are absorbed by administration
None of these issues are unusual on their own. But, together, they create meaningful financial and operational drag that’s difficult to see without end-to-end visibility.
What changed after visibility improved
Once firms moved away from spreadsheets and disconnected tools and adopted purpose-built technology for spend, usage and exchange compliance management, the impact was immediate. Across the organizations studied, market data spend fell by an average of 10% after implementing our technology.
- Unused services were identified quickly.
- Duplicate terminals were removed.
- Policy changes were captured in real time.
- Exchange compliance management effort dropped by 90% in some cases.
At the same time, significant internal capacity was created. Time previously consumed by renewals, reconciliations and reporting fell by as much as 50%, allowing teams to focus on higher-value work.
This is where the return on investment comes from.
Not from cutting market data indiscriminately, but from investing in the right tools to see, manage and govern it properly.
When Hobson & Company quantified the impact, the results showed that firms achieved triple-digit ROI, with one example delivering 224% over three years and a 5.3-month payback.
Why we built the ROI calculator
The next step was to make this practical.
Working with Hobson & Company, we built an interactive ROI calculator based on the same analysis and methodology used in the study.
It allows organizations to model their own market data environment, apply their own numbers and see where savings, efficiency gains and risk reduction could realistically be achieved.
So, what does this mean for companies that purchase market and reference data?
Most teams believe they have a reasonable handle on their market data estate, but the analysis suggests many don’t… until they can see it end to end.
If you want to explore what proactive market data management could mean for your organization, we’d encourage you to:
- browse the research
- and spend a few minutes modelling your own environment in the ROI calculator
It’s a practical way to understand what’s possible, based on real client outcomes.
