Calero, the technology business management solutions provider, has introduced API integration and eBonding capabilities with LSEG’s Refinitiv Data Platform (Hosted). The integration is designed to automate market data entitlement management, replacing processes that have traditionally relied on manual data entry, phone calls, and emails.
The move comes as financial institutions face mounting pressure to modernize their infrastructure amid rising data costs and increased regulatory scrutiny. According to Calero, the problem is significant, with some firms allocating upwards of $500 million annually to market data sources and dedicating substantial resources to compliance and audit obligations.
The new functionality connects directly to the Refinitiv platform, enabling straight-through processing and providing firms with real-time visibility into their data entitlements. This is intended to eliminate the need for manual reconciliation and provide immediate operational efficiencies for IT, procurement, and finance teams.
“These enhancements represent a major step forward in Calero’s vision to eliminate manual processes from market data management,” commented Alistair Brooker, Calero Vice President/General Manager. “With the LSEG Hosted Access integration, customers receive the comprehensive automation they’ve long demanded – from real-time visibility into their inventory to straight-through change processing. We will continue to provide firms of all sizes with solutions to be smarter, faster, and in more control of their data.”
This integration is part of Calero’s wider strategy to connect with both client and vendor systems to improve the flow of service data. By automating the provisioning process, the company aims to ease the operational burden on vendors, who often face reduced staffing while managing growing order volumes.
Calero reports increasing adoption of its Market Data Management platform among large trading institutions and scaling hedge funds, positioning its automation-driven model as an alternative to legacy systems and spreadsheet-based management.
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