Market Data – Essential for every company within the financial industry
Obtain and keep transparency
All players in the financial industry need market data: risk controllers, traders, financial accountants, and also members of the board: With the right market data, they can evaluate their portfolio and its risk accurately and make the right choices.
To ensure the optimal market data setup, one faces two challenges: The adequate Licensing of market data on the one hand side and the effective Distribution of Market Data within their organisation.
Licensing of Market Data causes costs in a natural way. But nonetheless companies often spend too much money because their current licences do not suit their business purpose. They might obtain data which is not needed (anymore), or data is licensed multiple times. The root cause is a lack of transparency: Business’ needs and licensing diverge and need to be reconciled.
To optimise Market Data Licences, the following starting points emerge:
Analysis of the actual need for market data, e.g. identification of unused or redundant data
Analysis of existing licences: assessment of requirements (e.g. via comparison to needs), evaluation of cost-saving alternatives
Efficient and transparent Licence Management
Further challenges lie in the Supply with Market Data:
First, a stable processing with adequate timing is required, considering when data becomes available and when it is required by subsequent processes in the various downstream systems. These processes ensure that the daily business runs smoothly and trouble-free. Moreover, when developing the supply process chain, licensing restrictions need to be considered.
Even after the Market Data Supply is properly set up, external and internal influences will make it necessary to review and amend systems and processes at times:
First, conditions in the markets can change, e.g. the IBOR transition to new risk-free rates. As a direct consequence, traded contracts changed, and new market data developed while other data became illiquid or obsolete.
But there is also a need for adaptation driven by internal changes in financial institutions, for example when new business areas are developed, valuation methods change, or transactions are made in a new currency.
To ensure functionality and efficiency, existing processes must therefore be continually reviewed, modified, and, if necessary, extended.
On the one hand, an appropriate and efficient market data management allows an overview of the specific use of market data as well as a lean and up-to-date market data universe. On the other hand, this ensures licence-compliant use and gives you the ability to answer provider audits adequately.
What issues bother you? – Our consultants advise and support you!
In the area of Market Data, Finbridge has successfully carried out a wide range of support and implementation projects for more than 10 years. Our specialists provide you with competent and comprehensive support for your individual challenges.
Our Expertise
We support our customers with solutions tailored to their individual requirements in the following areas:
Licensing and Provision of Market Data
(Pre-)studies and analyses on market data needs and licences
Identification and implementation of optimisation and savings potentials for market data licences
Preliminary studies on system selection of central market data systems and licence management systems
Implementation of a new market data system
Adjustments of market data supply / provider changes
Market Data Supply
(Pre-)studies and analyses of processes: From obtaining market data to quality assurance and further processing of the data in downstream systems
Implementation of optimisation and savings potentials in the process chain
Adjustments to market data systems due to internal or external requirements
Adaptation of relevant systems and processes due to adjustments to market data systems or provider changes
Line support
Use Cases
Our Competences
Every day, our consultants use and deepen their skills:
Specialist business-side accompaniment for projects of all sizes in the field of market data
In-depth professional, technical, and commercial expertise about market data
Professional and technical problem-solving know-how in the entire financial industry
Fast, thorough, and cross-divisional process analysis
Result orientated with high integration ability in developing methodological approaches
Latest project management methods (Agile Project Management, SCRUM, etc.)
Broad knowledge base within the entire Finbridge network
Our excellent network in the financial industry as well as with software manufacturers allows us to offer current best practices and industry standards.
Our clients benefit from the large Finbridge network: For all banking topics our specialists with deep know-how are available and allow us to rapidly respond to every requirement.
Conclusion
Our primary goal is to satisfy our customers: We are committed to your concerns and will plan and implement the optimal solution tailor-made for you.
We have had the best experiences when all stakeholders are involved. This is not always easy, as different points of view might clash: But we build bridges between all parties involved and do not shy away from discussions to achieve the best possible solution for our clients.
Are you currently planning a market data project and would like to get external support on board?
We will be happy to work with you on the best possible solution. Trust our experienced team of consultants for conception and implementation. We create solutions at and above industry standards!
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