A BCG Company

Market Data

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. Consumption and vendor spend analysis is compared against data from a tailored peer group, with insight available on all vendors and products across all market data product types.

The quarterly Market Data Forum also facilitates further discussion of key trends and hot topics affecting the industry.

Who is it for?

  • Heads of Market Data, COOs, Heads of Trading, Business Strategy


  • Quarterly updates on the online analytics portal facilitate year-round cost optimization, with an annual bespoke report providing in-depth analysis and qualitative insight.


  • Available for all shapes and sizes of financial services firm, from global universal banks through to regional and local investment banks or asset managers. The report caters for the full scope of your organisation, while providing granular detail for each team within the firm.

Why do it?

The benchmark facilitates actionable cost-saving opportunities by highlighting high levels of data consumption and data spend.

Additionally, the qualitative input from the benchmark community provides strategic insight on vendor selection, product replacement, data quality and more.


What you get

  • A comprehensive assessment of your global market data consumption, breaking spend down by product and cost center.
  • Targeted drill downs into individual business lines and desks, comparing your market data usage profiles by product type with those of your direct peers.
  • Dedicated deep dives on your burning questions and hot topics, such as ESG data.
  • Access to Expand’s online portal, providing the ability to interrogate the data yourself at a granular level to derive further insight at will.

Client commitment

  • Firms are required to submit extracts from their Market Data inventory systems for the relevant periods to facilitate the analysis. Expand will conduct the mapping of all costs to the standardized taxonomies and validate this mapping with the client.

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Next Steps

To find out more, please use the form below. Alternatively, contact your local office using the below phone numbers.


Tel: +44 (0)20 7337 2100


Tel: +1 (212) 913 9270


Tel: +65 6823 1460


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