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The Hidden Cost of Market Data Management

Independent research conducted in partnership with Hobson & Company

TREATING RISING MARKET DATA COSTS AS 'INEVITABLE'?

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Most firms would never manage any other major expense with the blind spots that surround market data, so why this one? Hidden waste, duplicate feeds, unused licenses… it all adds up. The question is: are you seeing the waste, or ignoring it?

We asked Hobson & Company, a firm specializing in independent ROI analysis, to dig into the numbers and interview our clients to understand the true impact of proactive market data program management. This in-depth study reveals how firms worldwide are using TRG Screen solutions to cut millions in cost, reduce risk and reclaim valuable time.

 

The Challenge

The gap is unsustainable, <b>but 

<b>it <b>isn't <b>unstoppable.

Too many teams still rely on spreadsheets or generic inventory tools that can’t handle market data’s complexity.

The result?

Manual overload that wastes time and leaves blind spots. Making it impossible to track usage and control spend.

That's where we come in.

Tech built for market data. Proactive management that’s proven to cut costs and delivers ROI.

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The Solution

  • 224%
    ROI over 3 years
  • $13.8m
    Total value created
  • 5.3
    Month payback period
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The Research Reveals

Research across TRG Screen’s client base reveals that its comprehensive market data management solution can:

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Cut Spend

Stop waste. <b>Start <b>saving.

“Market data budgets are being drained by inefficiencies that most firms can’t fully see or control.”
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Redundant licenses left active after role changes.

Unused terminals/licenses left on the books.

Duplicate sources paid for by multiple teams.

Missed credits/netting opportunities.

Slow cancellations due to manual processes.

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We saved an average of $2M per year in data feed costs. We can see upticks right away and determine the cause, which helps mitigate spend.

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Global Market Lead

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Before, unused terminals lingered on the books. Now we get constant alerts, nothing falls through the cracks, and enables timely cancellations and cost savings.

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Enterprise Data Lead

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Have seen an average reduction in spend of more than $3M per year due to MISU credits and netting. This would not have been possible before.

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SVP, Global Market Data Services

 

Reduce Risk

No surprises. <b>No <b>penalties.

"Confusing exchange obligations and fragmented oversight leave firms exposed to costly audits and back-billing.”
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Endless invoicing and reconciliations.

Contract renewals scattered across systems.

Constant exchange reporting and audits.

Too much time on admin, not enough on value.

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TRG Screen helps ensure compliance, which is big in terms of cost avoidance. These costs can be significant as exchanges can impose a number of different penalties.

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Global Market Data Lead

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We no longer have to trawl through vendor or exchange websites to look for notices and changes, they system fully monitors this and send out automatic notifications.

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Senior Manager, Compliance & Audit

 

Save Time

Less admin. <b>More <b>impact.

"Data teams are buried in manual work, leaving little time for what the business really cares about… delivering insight, driving strategy and finding new opportunities."
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Complex exchange obligations across multiple apps.

Pricing/policy changes that are hard to track.

Risk of non-compliance fines or penalties.

Lack of transparency into who is using what.

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We freed up 35–50% of FTE time to focus on higher-value work, such as gaining a clearer view of user needs, proactively identifying data opportunities, strengthening vendor relationships and improving negotiation outcomes.

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Global Head of Market Data

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We saw a 40-50% reduction in contract renewal time. All contract data and expiry dates are in one place, no more digging through individual agreements for every renewal.

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Investment Manager

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These exchange management tools make compliance and policy oversight far easier, and the time saved on exchange reporting has led to a 75–90% reduction in effort for our market data team.

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Investment Manager

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From Research to ROI Tool

The research now powers an interactive ROI tool that shows firms their own savings and efficiency potential. We applied a sample profile to illustrate how value splits across spend, efficiency and risk.

Before: The profile pre-TRG Screen. 

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After: Proven savings and value generation.

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The Takeaway

Market data spend is rising faster than budgets, but it doesn’t have to. Our clients cut millions in waste and see 224% ROI with payback in 5.3 months.

 

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Find out what's possible.


Use the interactive ROI Calculator to model your own savings and efficiency gains.

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TRG Screen Can Help

TRG Screen is the only provider combining spend, usage, and compliance data under one roof, giving firms complete clarity and control over one of their largest expense categories.


Backed by 25+ years of experience and trusted by over 500 financial institutions worldwide, TRG Screen is proven to deliver measurable ROI in months, not years.

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