Market Data Cost Rationalisation

Following publication of the Myners report on March 6, 2001 many city firms are concerned about the possible abolition of soft commissions and are taking a fresh look at their "soft" costs, of which the Market Data budget is an important part. See details of a case study at a leading firm in the City of London. There is scope for market data cost savings through initiatives such as:

• Technology based solutions such as the provision of delayed data to reduce exchange fee costs, wide area delivery of data to smaller remote offices.
• Benchmark information showing the money spent by other similar (anonymous) institutions operating in the same sector
• Consolidation and removal of duplication where users subscribe to the same data (say LSE prices) through multiple vendors (such as Topic, Reuters and Bloomberg)
• Matching the user requirements more accurately to their needs.
• Analysis of data usage by vendor and by exchange can show the data used over a period. As well as real-time exchange data usage this can also be used to select the most cost effective product mix on a user by user basis. Using these figures it is possible to make significant savings where a cheaper product package can be provided.

Free Market Data Cost Review

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