The benchmark is a decision support tool for Market Data demand management and commercial heads, which provides a global Market Data cost and consumption analysis by region, line of business and desk by comparing firms’ cost per user. Consumption and vendor spend analysis is compared against global Tier 1 and regional Tier 2 firms, as well as a synthetic best-fit research group.
Who is it for?
- CEOs, Heads of Market Data Strategy, CIOs and COOs
- Annual report
- Typically focused at the group-level with metrics presented for each line of business (Capital Markets/Wealth & Asset Management/Retail Banking)
- Analysis of individual vendor product penetration versus peers at a line of business and desk level, including costs per product per user comparisons
Why do it?
The benchmark facilitates actionable cost-saving opportunities by highlighting high levels of data consumption and data spend. Additionally, it provides the ability to understand overall Global Market spend in a business context using revenues, expense, front, middle and back office headcount