Market Data Management: A Survey

May 15, 2003

Abstract

Boston, MA, USA May 15, 2003

In an industry-wide survey produced by Celent Communications, in conjunction with Iverson Financial Systems and Inside Market Data, a Risk Waters publication, this report examines today痴 major data management issues.

Outsourcing Opportunities Look Promising

The survey was sent to two industry segments: the clients that use market data and the suppliers that sell data and data-related services to the clients. Most of the analysis is focused on the client segment so that we can better understand the needs and demands of the data users.

"Our survey indicates that there are growing demands on internal market data management groups in terms of improving data quality, usability, service, and timeliness. Unfortunately, this is happening when continued dismal market conditions have put additional pressure for cost-cutting measures," says Celent analyst, Sang Lee the lead author of the report. Lee adds that, "The survey data indicate that, in order to provide high-quality data in a cost-effective manner, an increasing number of firms are exploring ways to outsource a part or all of their data management operations."

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Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

Boston, MA, USA May 15, 2003

Market Data Management

Return to report Abstract

 

EXECUTIVE SUMMARY 3
INTRODUCTION 5
KEY SURVEY RESULTS 8
  Disconnect Between Client & Suppliers? 8
  Disconnect Between Corporate and IT? 10
  Growing Pressure on Data Groups 11
  Outsourcing as a Viable Alternative 12
CONCLUSIONS 16
APPENDIX 17

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