TRG Screen has once again been selected as one of just four vendor representatives on the Financial Information Services Division (FISD) Executive Committee, the leading industry body connecting the global financial information industry.
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By Leigh Walters, Chief Executive Officer, TRG Screen
As we close the book on 2024, we saw an industry that’s been working harder than ever to deal with the costs and complexity of managing their market and reference data and finding more ways to take advantage of technologies like generative AI, while navigating many other business challenges.
By Suzanne Ward, Chief Product Officer, TRG Screen
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.
Navigating this landscape can perilous for some financial services firms – not only due to the increasing complexity and value but also the potential for errors – and many find themselves confronted with a pressing question: How can we effectively optimize our market data costs and consumption?
The market data landscape is constantly evolving, with the volume, diversity and cost of market data growing and shifting year by year. This rapid expansion has introduced new challenges for financial firms of all sizes, leading them to reevaluate how they manage this crucial information from a commercial standpoint.
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