TradingTech Insight White Papers

Market Data Invoice and Inventory Managed Services

Financial institutions are subscribing to an ever-growing list of information services in their efforts to keep abreast of increasingly complex global markets. This is adding to the burden of managing relationships with existing data vendors, whose licensing agreements and invoices are also growing in complexity.

Firms’ appetite for cloud-delivered services and the trend toward working from home precipitated by the Covid pandemic are also testing existing data licensing norms. The sheer volume and variety of licensing agreements means firms’ data teams are increasingly stretched.

For large firms, this situation is creating a huge amount of administrative and licencing information to keep on top of, forcing firms to dedicate substantial resource to the task of validating and processing contracts and invoices. Smaller firms, meanwhile, often don’t have the resource or the internal expertise to deal with this complexity and volume.

This situation is forcing the question of whether existing internal processes represent the best approach to dealing with the huge administrative challenge. As a result, many firms of all sizes are exploring how managed services can help.

This white paper outlines the challenges facing data managers as they grapple with the highly dynamic nature of data provision in capital markets and financial services. It examines the growing complexity of data licensing and invoicing, and explores how a managed services approach can help firms stay on top of their vendor relationships and adopt a more strategic approach to information services procurement.