Guaranteed to Reduce your Market Data Expenses
Despite cost control efforts throughout the industry, data spend continues to grow year over year. Firms place a high importance on Market Data to meet end-user needs and these investment processionals are constantly demanding more data from various sources in order to get an edge on the competition. These challenges leave little bandwidth to focus on more strategic issues and opportunities to add value to the business. Using our vendor management and sourcing expertise we will engage in a full review of your market data, research, and trade execution spend to identify tangible cost savings and we will conduct a review of your sourcing and procurement processes to identify efficiency gains saving you more time.
Major Focus Areas
Commercial Terms & Pricing
Data Usage & Needs Analysis
Inventory & Contracts Evaluation
Operational Efficiencies Assessment
We use our content knowledge and vendor management expertise to conduct a full review of your Market Data environment in aim to benchmark your spend and processes to what we are seeing as the current standard in the market. This comprehensive review focuses on all facets of your vendor and data spend and on your internal sourcing and end-to-end procure to pay processes.
Commercial Terms & Pricing – we will review your contracts and sourcing initiatives for product/service benchmarking. We bring data-backed insights from hundreds of sourcing transactions that we’ve completed. We’ll ensure you have clarity on fair prices, and we’ll close your deals getting you the best price with no headaches.
Data Usage & Needs Analysis – we’ll examine your user and application usage, and review your core subscriptions to identify the most effective way to get you what you need for a fair price.
Inventory & Contract Details – we’ll build or review a comprehensive list of your inventory; assessing your market data and research stack. We’ll review your historical costs against what we are seeing in the industry and ensure you get fair commercial structures.
Operational Efficiencies – we’ll analyze your sourcing and procurement processes to ensure there are no bottlenecks and provide recommendations for efficiency gains based on what we’ve seen in the industry.