About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

Substantive Research and Expand Research Publish White Paper on Market Data Pricing Disparities

Subscribe to our newsletter

Substantive Research, the research and market data analytics provider, has partnered with Expand Research, a BCG Company, to release a white paper titled “Market Data Pricing – 2024 in Review.” The report combines Expand’s insights into firms’ spending with Substantive Research’s analysis of vendor pricing inconsistencies and discounting trends, providing a detailed assessment of market dynamics at both provider and product levels.

Coming in the wake of a recent study by Market Structure Partners on the same topic, the research highlights the significant pricing power of major vendors, who operate in a market lacking public pricing transparency. With firms negotiating contracts in isolation, many struggle to assess whether their costs are fair. While the FCA reviewed pricing concerns, it opted against major intervention in early 2024 due to potential unintended consequences. The white paper’s key finding is that pricing inflation is unsustainable, with vendor cost increases far exceeding firms’ budget growth. Additionally, wide pricing disparities persist, with some firms paying significantly more than peers for identical products.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

The AI Co-Pilot: How Wall Street is Really Using AI for a Competitive Edge

The headlines paint a dramatic picture: autonomous AI traders making split-second decisions, rendering human portfolio managers obsolete. But for technology professionals on the ground, the reality of artificial intelligence in capital markets is proving to be both more pragmatic and, in many ways, more powerful. Discussions at A-Team Group’s recent TradingTech Briefing New York revealed...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...