Complexity and high costs
Banks and investment houses often manage their finance market data with heterogeneous system landscapes.
in parts, the market data distributed and administered via a vendor-specific platform, such as the Thomson Reuters Enterprise Platform (TREP).
Other data sources can often not be routed and managed via this one platform. Due to technological obstacles or because the platform provider’s contract conditions do not allow this.
This data has to be individually connected to receiving systems though a number of interfaces (APIs).
Using such a heterogeneous landscape cases avoidable costs, such as:
- View Charges
- License fees for the distribution of your own data via platform
- License fees for feeding third party data into the platform
- High costs for the creation and administration of individual interfaces
- Additional charges for the purchase and operation of various management and reporting systems
To avoid these costs, lower priced market data by alternative vendors is often nor used. The potential saving in the areas of infrastructure operation and market data purchasing can be substantial, but are often ignored.