TRG Screen wins Best Market Data Inventory Platform for its Optimize Spend product at the prestigious A-Team Group TradingTech Insight Awards Europe 2022. This follows TRG Screen’s wins in a similar category at A-Team’s USA and Europe awards in 2021.
The world of financial market data never stands still but 2022 is shaping up to be especially challenging for consumers of this vital information that underpins trade and investment in all financial assets.
Markets remain volatile, emphasizing the value of reliable and timely financial data. At the same time, inflation in the developed world is soaring for the first time in years, prompting firms to keep a hawkish eye on data costs and usage.
Ask market data professionals at any financial firm what keeps them awake at night and declaring their data usage to stock exchanges and other vendors is probably high on the list.
The task is time-consuming and growing in complexity. Getting it wrong can add to managers’ data costs and lead to unwelcome audits.
For inventory management, many firms still rely on complex spreadsheets, other tools supporting manual processes or legacy systems, making the invoice life-cycle a hard and tedious process, when it doesn't need to be.
Do you have total visibility of each and every invoice, from it being due to being paid?
There is a heavy price to pay for financial institutions that consume market data and other information sources but fail to comply with supplier contracts.
Getting to grips with data usage is a challenging task because there is so little existing infrastructure in place to track the use of information services, causing a real lack of transparency into actual data usage across a firm - leaving firms vulnerable. If you could easily understand access and usage, the benefits could be significant, don't you agree?
Information & data managers at financial institutions are being asked to administer an endlessly growing list of information sources, greatly adding to the burden of managing the already-challenging relationships with vendors.
Firms’ appetite for cloud-delivered services and the trend towards working from home are also testing existing data licensing norms. The sheer volume and variety of licensing agreements means firms’ data teams are increasingly stretched.
>>
Discover how we can help you to optimize your market data and subscription spend & usage.
Yes, I want this!
