Market Data, Reference Data and Static Data
With the rapid growth of new trading venues, tradable financial products and high performance low latency systems, real time market data has grown exponentially in the past few years. This trend will only increase as the drive to migrate OTC transactions onto electronic trading venues is driven by the mandatory regulatory changes impacting both US and European markets. Hatstand has delivered multiple projects enabling clients to maintain, enhance and scale their market connectivity and market data distribution infrastructure.
Reference data is now a major cost within financial organisations and companies suffer from multiple conflicting sources of the same data. The need to consolidate reference data, static data and internally derived data sources into a single golden source is a fundamental prerequisite to an effective data management policy. Hatstand has assisted clients in consolidating their data sources and creating a global golden source.
Market Data spend is a key target for cost reduction, Hatstand has a number of SME's who can assist clients to identity cost savings using a variety of methods - market data business profiling, user training, detailed market data analysis, vendor contract negotiation, detailed data audits, etc. Hatstand has completed several major cost reduction projects empowered at the highest level and working closely with the business to identify duplication, non-essential data usage, contractual opportunities with vendors, etc. The first element of a successful cost reduction programme is to understand what data you have, who is using that data, what market data you are paying for and whether the costs are allocated correctly. Equally, mitigating and removing any risks of potential vendor or exchange audit and any unreported usage fees is an important driver for understanding your actual data utilisation.