Overcoming Market Data Management challenges? From Regulation to Data Spend costs
“Today's Financial Services industry is increasingly complex and competitive and is subject to ever-greater regulatory scrutiny.”
Firms place a high value on accurate market data to meet their needs -- from seeking alpha for customers to achieving compliance for auditors. Many firms don’t realize how much redundancy and unnecessary costs they may be incurring in managing their market data services.
Firms need a “single view” of their market data and subscription services footprint in order to see the “big picture” cost of their vendor services.
But today’s market data managers are often stretched thin with increased regulation, the rising cost of market data and the constant internal pressure to drive efficiency while reducing overall market data spend – doing so with fewer dedicated resources.
These challenges leave little bandwidth to focus on more strategic issues and opportunities to add value to the business.
This puts managers in a stressful, complex role that involves managing multiple contracts, negotiating deals and a long list of responsibilities that leaves little bandwidth to effectively manage market data expenditures.
Focusing on market data automation can dramatically reduce a firm’s market data spend, improve operational efficiency and positively impact resource management to transform businesses ✅
Fortunately for market data managers, automated tools are available to power intelligent and efficient operations for more informed decision-making based on the true cost and the consumption footprint of an individual or group within the firm.
This page explains the market data challenges companies face today and how to overcome them.
Use the table of contents below to navigate through the page: