Market & Alt Data Insight Brief
Substantive Research Study Reveals Aggressive Pricing in Private Credit Data Market
Substantive Research has published a new study on market data pricing, expanding its analysis to include vendors in the debt, credit, and leveraged finance sectors. The new coverage reflects the significant growth of private markets, particularly private credit, where assets under management recently surpassed $3 trillion. The study highlights that the illiquid and less transparent nature of these assets has created an urgent need for accurate data from third-party sources as investors seek alpha opportunities.
The findings show increasingly aggressive behaviour from data providers. Consumers are facing renewal increases of between 10% and 40%, even for contracts valued between $100k and $1m. Vendors are also adopting inflexible, “take-it-or-leave-it” stances during negotiations, limiting buyers’ power. While pricing inconsistency is less extreme than in other data areas like ratings and terminals, the study found that comparable firms can still pay up to 20% more for the same products and use cases from the same vendor.
Keysight Technologies Makes Strategic Investment in InstrumentiX to Advance Trading Monitoring Solutions
InstrumentiX, the trading infrastructure monitoring and analytics provider, has announced a strategic investment from Keysight Technologies, Inc. The investment deepens the existing partnership between the two companies, aiming to accelerate the development and adoption of advanced monitoring solutions for the capital markets sector. The collaboration will leverage Keysight’s global reach and support infrastructure to expand the availability of InstrumentiX’s products worldwide.
The partnership addresses the challenge financial institutions face with legacy monitoring systems unable to keep pace with modern markets. InstrumentiX’s xMetrics platform provides firms with real-time visibility across their trading infrastructure to help them optimise performance and meet regulatory obligations. The combined offering will integrate InstrumentiX’s analytics with Keysight’s visibility technologies, while joint research and development will speed innovation. The xMetrics platform is built for flexible adoption and can be integrated with existing systems or deployed as a managed service.