New York, NY (PRWEB) May 09, 2011
With the support of SunGard, Inside Market Data and the Financial Information Services Division (FISD), Aite Group has completed a report on Achieving Efficiencies in Market Data Management. Findings indicate that cost, quality and infrastructure capacity are top concerns for market data managers.
Aite Group conducted a global survey with 67 market data professionals in the fourth quarter of 2010 and the first quarter of 2011 to determine where firms are looking to achieve more efficiency in managing the onslaught of market data and the shift from terminal trading to more automated trading strategies. The survey revealed that:
- More than 60% of market data managers are evaluating changing providers in 2011
- Controlling cost is both the predominant challenge and primary driver for change this year
- Regulatory changes are expected to supply the biggest headache for market data managers
- Less than half of all firms are currently employing cross-asset trading strategies
Data managers said their top three market data challenges are the cost and quality of market data, and ensuring their infrastructures can support growing volumes and capacity. These challenges are intensified by the increasing role of unstructured news content in trading and risk management, changing regulations, and pressure to expand geographically, especially as markets continue to fragment.
Adam Honoré, research director at Aite Group, said, “Infrastructure challenges will be a persistent problem that will require constant improvement in capacity, speed and bandwidth. Going forward, data managers should actively seek outsourcing options such as managed services and turn-key feed components, and be more proactive in addressing data quality issues by ensuring management, business and technology teams understand the challenges and are supportive of these efforts.”
Robert Jeanbart, global head of SunGard’s MarketMap business unit, said, “Market data managers need to cope with rising data volumes on existing liquidity venues and expansion in additional areas. SunGard provides a lightweight, customizable approach leveraging SaaS platforms and real-time market data usage tools that help control costs, reduce time-to-market, and overcome the infrastructure challenges of business growth and geographical expansion. Data managers will be best served by those vendors that provide multi-asset global coverage and an efficient framework to help increase data quality and capacity, and reduce the cost of duplicate data.”
About SunGard’s MarketMap
SunGard’s MarketMap suite of front-to-back global market data solutions helps customers support growth opportunities while managing costs associated with market data. MarketMap provides lightweight market data applications, customizable Web components and data feeds, and seamless integration with other SunGard solutions. With data delivered through the SunGard Global Network (SGN) and enriched by best-of-breed third party sources, MarketMap provides decision support for trading, research, risk management, portfolio management and advisory functions within financial institutions, while its usage reports help monitor and control data costs in real time.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.
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