Transaction Network Services (TNS) has launched an interactive customer portal for its Data Usage Optimizer (DUO) platform, providing buy-side and sell-side firms with on-demand tools to manage market data expenses. This update follows the initial 2024 launch of DUO and aims to simplify the process of identifying unused subscriptions. By converting complex vendor entitlement files into an actionable dashboard, the portal allows financial institutions to pinpoint and eliminate unnecessary costs more efficiently.
The new interface offers a centralised, global view of data expenditure across multiple office locations. Key features include independent file uploading for immediate reporting, advanced filtering by user or feed, and customisable cost modelling that accounts for specific contract pricing and regional fee variations. These tools are designed to turn raw data into an actionable list for immediate cost reduction, moving away from manual, time-consuming analysis.
In one instance, TNS identified monthly savings of $60,000 for a global bank by highlighting redundant data feeds.
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