Tackling runaway spending on reference data and saving thousands of dollars
Financial firms depend upon market data – it’s one of the costs of doing business. But while reference data is complicated, it doesn’t have to be difficult to manage.
Financial firms depend upon market data – it’s one of the costs of doing business. But while reference data is complicated, it doesn’t have to be difficult to manage.
Reference data is an expensive commodity – it accounts for 10 to 30 percent of a typical market data budget. Within multinational organizations, the figure can be even larger, with some companies allocating millions of dollars to it.
Financial firms depend upon market data – it’s one of the costs of doing business. But while reference data is complicated, it doesn’t have to be difficult to manage.
Taking a proactive approach to managing reference data enables real-time tracking of spend and usage, fostering transparency, accountability, and cost optimization for the organization. Curious about how to make this happen? Then this webinar is the one for you.
On Wednesday February 21st, 2024 we held a movie night in our Belfast office to celebrate the launch of 'TRG RISE with Pride' Employee Resource Group.
Global spending on financial market data and news has continued its decade long growth-streak with revenues jumping 12.4% to a record $42.0 billion in 2023 and with Burton-Taylor International Consulting 2024 figures imminent, similar increases in spending are expected.
Although real-time trading and data spending accounted for the largest share of total revenues, strong demand for pricing, referencing and valuation data also drove spending.
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