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Market data cost comparison – TCO benchmarking

Compare your market data costs to industry ‘standards’

Our market data TCO benchmarking service allows you to compare your market data costs to those of your peers. It helps you in learning about the industry’s best practices.

The Financial Services industry is complex

The Financial Services Industry is known for its complexity in terms of vendors, products, user requirements, agreements, and pricing structures. Financial institutions typically spend huge amounts on financial market data and information systems in order to support investment decisions.

The diversity in terms of alternative vendors and products is enormous. The level of demand from the business due to continuously changing business requirements and vendor offerings put continuous pressure on the market data and IT organization. The industry itself, however, knows a high level of secrecy due to the lack of transparency and limited exchange of information between participants.

“TRG Screen has helped us to better understand our market data spend in relation to our industry peers”

Pressure of market data users

Worldwide internal professionals are under growing pressure of market data users as their requests to the internal organization are ad hoc, need to be addressed immediately, seem simple but are often very complex (financially, content, technical), and often relate to vendors and products that are not used (yet) in the organization.

Business requests not only generate more revenue but often also result in extra costs and they have an impact on many internal departments (such as IT, procurement, support, etc).

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Market data costs peer comparison

To manage your costs, you need to know your costs... and those of others! TRG Screen is the first and only market data consultancy that can offer a market data TCO benchmarking service, which allows you to compare your market data costs to those of your peers. We provide full transparency in your market data over- and underspending, including cost saving opportunities.

We will help you gain insight into the position of your organization compared to your peer group in the industry in terms of cost, contractual agreements, services, and your market data organization. In addition, you will get firm recommendations from specialists outlining the actions which will lead to improvement.

Key takeaways

  • Benchmarking reduces uncertainty with respect to market data expenditure levels
  • Compare market data TCO cost with a peer group of financial institutions
  • Compare contractual conditions
  • Compare user service profiles — spider chart, heat maps & descriptions
  • Industry’s best practices
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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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