Market data vendor management

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

Challenges of market data managers

Some typical examples of the challenges market data managers are confronted with:

• Evaluation of (financial) proposals from vendors
• Analysis of and recommendations for certain vendors
• Identification of alternative products and vendors
• Checking of vendor-product references
• Conducting complex and prolonged vendor negotiations
• Benchmarking existing agreements (content-wise, financially, SLA terms & conditions, etc.)
• Best market practice analysis

Sounds familiar? In order to help you address these challenges Screen Consultants has developed a vendor management service:

• First indicative response to a request within 48 hours
• Second qualified response within 1 week
• Additional response depends on complexity of the request
• Straightforward and timely client communications

Next to this (semi-)continuous service we also offer temporary support, or we can replace an experienced market data vendor manager who is on temporary leave.