Market Data Market Data Division Market Data Expertise Market Data Referential database expertise Our software: EXTAND References

Market Data

Market Data is a crucial part of business processes for all financial companies. We all know traders' real-time market data workstations which enable them to take positions on markets. But market data is also essential for valuation, analysis, reporting and risk controls....

Each process requires specific data. Market data may be classified as follows:

Real-time data providers
Markets (real-time or not)
Data integration providers
Fundamental and consensus data providers
Index providers
News services
Rating agencies
Brokers and/or counterparties
Providers specialized in models
Price contributors for complex products
Company Data Services

All the above data may then be packaged to create specific offers according to their use:

Workstation: screens dedicated to an end user
Data Feed: data which is directly integrated into information systems.

Legal use of data and technical restrictions vary according to the type of subscription,

A mass of data for a vast number of processes means that lots of offers are available on the market. Some are complementary, some are competitors, and some contain others. For an inexperienced user, the Market Data market can be incredibly complicated.

Market Data Division

Nexeo has a group of experts for its Market Data offer: the Market Data division.

Our experts cover all aspects of purchasing and management of market data (Market Data Experts). They can also work on the use of external and internal data within an IT system with, for example, Market Data Referential database projects (Market Data Referential database Experts).

Market Data division consultants have experience in IT and finance and they are proficient in market data products and services. Some have obtained their professional experience at market data providers, some as consultants and others within major financial companies.

The division is organised to share these different experiences. This organisation means that knowledge can be acquired and shared among consultants and skills can be optimised. The division also has careful market watch. Nexeo has a global way of working that deals with all the different aspects of suppliers' offers:

Functional
Technical
Contractual
Administrative

We can also adapt offers to customers' IT restrictions and budget processes.

Market Data consultants have complete knowledge of data suppliers (Thomson-Reuters, Bloomberg, SIX Telekurs, Factset, Traderforce etc) and of Market Data Referential databases (SmartPlanet, Gain, Eagle, Asset Control, ...).

Market Data Expertise

Which real-time solutions are available?

How can I connect my software to a RMDS platform?

Is it possible to recover data from a workstation and to integrate it into a software application?

How can I breakdown invoices between different users?

Which products can be included in a Commission sharing agreement?

Our consultants can help you with all of these questions. We can provide either temporary or regular support for your teams (agency mode) or we can define strategies and help with change management (consulting/project mode).

You want to concentrate on your core business? You do not have specific Market Data teams? Outsource us this activity. We can work in your offices or elsewhere and at a rhythm that suits your needs.

Each new project involves an audit of existing systems and processes, as well as a study of IT, budget and contractual restrictions. We therefore produce an accurate analysis that takes into account existing projects and gives an overall view of your situation.

Our consultants can point out real ways to improve processes and generate strategic and operational benefits as a result of better market data management. We can estimate these benefits with a budgeted and functional ROI.

Budget optimization:

«Optimization of Market data costs with one/several providers», for a niche Asset Manager; Consulting mode.

Benefit: 15% reduction in annual costs

«Day to day management of Market Data subscriptions», for a major French Asset Manager; Agency Mode.

Benefit: Control of operational risks, pro-active budget monitoring and high quality support for users and business analysts

Advice on strategy :

«Choice of a unique solution for equity asset management», for a niche Asset Manager, Consulting mode.

Benefit: Optimization of data management without increasing costs

«Creation of a Market Data team: fixing of goals, roles and strategy» for a Major French Asset Manager; Agency mode

Benefit: Centralisation of Market Data management, control of operational risks, pro-active budget monitoring and high quality support for users and business analysts

«Training and support on Market Data subjects for a new IT Director », for a niche asset manager; Consulting mode.

Benefit: Autonomy in Market Data management.

Market Data Referential database expertise

Referential databases are a central and defining part of an information system and are strategic for all activities. They collect, store, communicate and manage data...they may be for securities or third parties, data may be external or internal...

Although this as a fairly recent matter, it has quickly become clear that setting up a Referential database cannot be handled in the same way as a standard project. The storage place (Referential database) must be managed at the same time as the contents (market data). If the project is to succeed it is essential to have a specific project with all relevant teams working closely together (Business analysts, programmers, administration).

Nexeo can help you throughout the integration process:

Audit of existing systems
Fixing of goals
Modeling of Market Data
Choice of the right solution (specialized capital markets software or internal software development)
Set up or support with software developments
Data fees specifications, In/Out interfaces
Setting up of a Data Management Team

Once the project is operational, Nexeo can also help by, for example, providing administrators, reinforcing the support team or auditing processes.

Examples of successful missions

«Fixing of data distribution limits and policy" for a major French Asset Manager

Benefit: Creation of a communication package, support with change management

« Referential database entry flow and fields mapping» for a major French Asset Manager

Benefit: Optimization of interfaces and market data costs, improvements in information monitoring

«Opportunity study for the implementation of a Referential database » for one of the major French retail banks

Benefit: Impact and ROI calculations before the project was launched

Our software: EXTAND

A tool to manage Market Data contracts.

During our different missions, we have observed that it is very difficult to manage the administrative side of market data.

EXTAND is Nexeo's software package that manages market data as well as:

Contract Management
Account Payables
User administration

Extand uses data from Market Data suppliers' contracts and invoices to provide all reports necessary to monitor this activity:

Inventories
Budget forecasts
Monitoring of use

It can even manage allocations between entities, from departments to individual users.

References