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Market data analysis of your organization structure

Get a detailed assessment of your current (“as-is”) governance around market data

How well is your organization structured when it comes to professional market & reference data management?

TRG Screen can assist with a full, in-depth health check through its market data organizational audit service, or a top-level quick scan. You will directly obtain detailed advice on the areas for improvement.

5 key roles of market & reference data management

Our market data organizational audit service reviews and scores the fives elements of our market & reference data management organizational model and underlying infrastructure in full detail.

We also offer a quick scan, which is an abridged version of our organizational audit.

5 key roles organisational audit A visualized example of a bank’s market & reference data management structure & responsibilities

1. Delivery & service management

  • Managing the implementation of new systems and new products
  • Ordering services
  • Managing authorizations (permissioning)
  • Managing inventory system
  • Processing invoices
  • Assisting with internal cost allocation
  • Reporting (internal and external)
  • Assisting with audit preparation

2. Demand management

  • Analyzing and validating the end user requirements
  • Understanding the business model(s) of the firm, and how it may change over time
  • Conducting market research on potential new products, services & solutions
  • Building an understanding of vendors‘ pricing models, growth strategies
Ready to implement effective market data governance within your organization?

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3. Cost, risks & budget management

  • Compiling budgets per data category, per business unit in the firm, and per source of data and products
  • Ensuring that market spend remains within budget
  • Creating cost allocation models to end users
  • Organizing user self-certification
  • Ensuring compliance with the T&C‘s of vendors & exchanges
  • Managing exchange and vendors’ audits

4. Vendor management

  • Negotiating with vendor organizations (coverage, T&C‘s, duration)
  • Staying up-to-date with developments at the primary vendor organizations
  • Continuously reviewing and evaluating the preferred supplier status of vendors

5. Strategy development

  • Making market data management plans and strategy, based on the business strategy
  • Defining preferred suppliers for the firm
  • Participating in market data user groups of other financial services firms
  • Benchmarking (comparing) the firm against other firms
  • Defining user profiles for all end users on the business side
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Ready for the next step? We think you are!

We have a proven track record of assisting financial institutions — with budgets of any size — globally with both their day to day and strategic market data & financial information management challenges.

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