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TABB Examines Market Data Technology Innovation Related to Managed Services, Comprehensive Data Ecosystems and Minimizing Cost of Unused Market Data

The complexity and cost of accessing global market data continues to weigh heavily on capital markets firms competing in a “Cambrian Age” of data where management face an explosion of new data sources, a market structure in transformation and constant competitive pressure to digest gargantuan amounts of data faster than ever.

According to new TABB Group research, the hunt for new sources of performance and savings is reaching a fever pitch. “Solution-wise, significant improvements in market data fluency must be an integral part of the formula for chief data officers as well as their CIO, CTO and CFO colleagues,” says Paul Rowady, a TABB principal, director of data and analytics (DnA) research and author of “Market Data Technology Innovation: Bigger Data, Simpler Solutions, Better Functionality.” “We believe that innovations balancing lower costs with increased levels of performance, increasingly broad coverage and improved functionality will be integral to their firms’ success going forward.”

The new report delves into three areas of market data technology innovation: managed services and the balancing of both unified and bifurcated market data infrastructure; comprehensive data ecosystems where strong breadth and depth of global market data is coupled with application development technology to intelligently consume that data; and enhanced user management to minimize the costs of unused market data.

In terms of data costs, while flattening since 2011, TABB estimates that total global spending on market data was about $25 billion, with an additional $3.1 billion spent on market data infrastructure in 2013. Within that broad category, $12 billion was spent on real-time market data (RTMD), which can be further segmented into ultra-low latency feeds, consolidated feeds and screens.

This complexity of combined volumes, velocity and variability of market-related data is putting increasing pressure on solutions to deliver more scope, functionality, performance and output configurations at lower costs. With these pressures come a new challenge: the phenomenon of big data but the real story, Rowady explains, is less about big or bigger data and more about the ability to consume it more effectively at a lower cost, this at a time when large banks and cutting edge prop shops are growing their data by terabytes per day.”

“The need for innovation in market data technology has never been greater,” he says. “The question is just how quickly new technology and methods can be adopted.”

The 13-page report with 7 exhibits is available to TABB Research Alliance DnA clients and qualified media at http://www.tabbgroup.com/Login.aspx. The Executive Summary can be seen at www.taggroup.com. To purchase the study, write to [email protected].

About TABB Group

Based in New York and London, TABB Group is the research and consulting firm focused exclusively on capital markets, based on the interview-based, “first-person knowledge” research methodology developed by Larry Tabb.

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