Market data feeds carry a cost for buy side and sell side firms whether they are actively used or not. With hundreds of traders accessing thousands of data sources, ensuring you are only paying for the data your users need has become increasingly complex.
In response, TNS has designed a data usage optimization solution called TNS Data Usage Optimizer (DUO) which generates market data usage reports that identify unused data feeds. Keep reading this blog to find out three of the ways this can help you reduce market data costs.
1. Actionable Reports
DUO analyzes the market data permissions enabled in your entitlement system, compares them with the actual data feeds your users are viewing and provides actionable reports with the findings. The reports can be customized, sorted and filtered easily, giving you a simple script to follow to identify cost saving opportunities. We appreciate that this isn’t a one-time process, therefore reports can be delivered every month or on-demand, based on your firm’s preference.
2. Prioritize Savings
The solution allows institutions to see which employees have not used specific data feeds recently, providing the opportunity to reduce unnecessary subscription costs by turning off access for these individuals. The ability to view potential savings in real dollar terms enables you to prioritize decommissioning unused permissions and users that will provide the biggest bang for your buck.
3. Customizable and Scalable Solution
Different firms may have different commercial relationships with vendors and exchanges. DUO reports can be customized to accurately reflect true cost savings based on the specific fees you are paying. In addition, the solution is scalable and can work with a market data deployment of any size regardless of whether you have a few users at a single site, or thousands of users across dozens of sites.
Delivered as a fully managed service, DUO combines TNS’ innovative market data monitoring services with its extensive network infrastructure capabilities. For more information, visit tnsi.com/solutions/financial/market-data.
Jeff Mezger is Vice President of Product Management at TNS with responsibility for its managed services for the financial industry. He oversees product development and strategy for market data, online and data center services.
