Alternative Market Data Solutions To Reduce Data Costs

Market data populates a considerable area in operational expenditures that is becoming impossible to discount

. In todays wavering economy, reducing data costs has been a subject RIAs (registered investment advisers) and wealth management institutions have been trying to unravel. Fortunately, there are alternative market data solutions that are not only affordable but also effective in historical data research,predictive analysis as well as efficient in offering access to data that is essential in process of decision making.

1. Internal Market Data Display Solution

This solution is able to save, convey and display financial market real-time data and can handle various data providers in a single interface.

This refers to an application that can accommodate numerous 3rd party real-time data feeds from data suppliers as well as an organizations personal data feeds. Services containing this solution usually supply access to their real-time mark to market and end of day database which can then be included in an organizations personal hosted solutions. The tool for this solution can then be used to exhibit data across an organizations selected users.

2. Hosted Market Data Display Solution

This alternative market data solution is attractive for users who only wish to use a particular group of data. It lessens data costs since organizations are not required to pay for the data they do not really want.

Online services for this solution contain data that can be attained from various data suppliers in which users are permitted to decide which among the data providers they want to obtain services from. Some services offer the required infrastructure to manage and provide real-time data solutions as well as the accurate data for an organization.

Furthermore, this solution offers organizations more options to reduce market data costs by providing these organizations with a choice of not hosting their personal hardware solution.

3. Highly Configurable Solution

This is a solution that is designed to accommodate the different data requirements and uses of every market participant. A market data solution should not contain an unbendable format where the data outline is permanent or the interface for the presented data is fixed and does not fit some users individual needs.

This solutions flexibility enables users to craft data displays that can function with their individual requirements. Some tools for this solution can simultaneously illustrate up to nine data windows in a template of an organizations browser in which are all entirely configurable. These tools can put on view numerous Java templates of several asset classes in which each template is configurable to match every users terminal.

There are alternative market data solutions for brokers,corporate treasurers, traders and other financial market players who aim to lessen data cost as well as enhance accuracy of analysis. These solutions have the capability to display market data from several data sources as well as display data that resulted from users computations on spreadsheets.

by: Johncoe

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