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"Increase Governance and Control Over Your Market Data License Deployment from Refinitiv, Bloomberg, and ICE Data Services"
Managing Market Data Has Become Uncontrollable
"I have a market data licensing issue. I need to understand which data license accounts are downloading third party data, and how many times, but I don't know who was
using the account. Maybe I could track it down, but then I need to figure out where is that data flowing?
Is this your current market data nightmare?
Costs for real-time market data and historical reference data are rising. Commercial requirements from vendors continue to shift adding complexity to an already challenging business landscape that market participants need to manage. As a result, today’s market data managers face a number of major challenges:
1. Uncontrolled data usage
2. Increasing data costs
3. High compliance risk
4. Growing demands of data security
5. Increasing complexity of support infrastructure
A large Canadian bank wanted a centralized method to address critical usage issues such as data entitlement, tracking, use allocation, and compliance. In addition, the firm needed transparent and efficient internal data management as a way to optimize usage.
Learn how, using Xignite’s Market Data Cloud platform, the bank cut their market data costs by 30% by centralizing market data distribution and optimizing market data management. They gained the insight needed to reduce costs, support audit requests, and get better insight into how market data is used throughout the organization.
The bank reduced costs by:
• Collecting Data Centrally
• Streamlining Operations
• Reducing Audit Risks
• Improving Negotiating Position
• Reducing Time to Market
• Eliminating Infrastructure Management Costs
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