The Market Data Industry is complex
Sourcing the right products for your organization is not easy as the market data industry is known for its:
- Complexity in terms of vendors, products, service agreements, pricing structures and conditions of usage
- Diversity with regard to end user requirements, business models, levels of in- or outsourcing required
- Intensity in demand management due to continuously changing business requirements and vendor offerings
- Commitment to ongoing budget control and cost reduction initiatives
- Convergence in vendor offerings, with increasing levels of competition but also more choice for the user firms
- Uncertainty about the exact contents of service offerings due to the lack of information and the limited exchange of information between market participants