Vendor-neutral, one-stop-shop strategy combines market data solutions and consulting support with comprehensive infrastructure and cloud services 15 November 2023 – RESTON, Va. – Transaction Network Services (TNS) today announced the acquisition of West Highland Support Services, a financial market data solutions provider based in Danbury, Connecticut. The acquisition will enable TNS to deliver market data...Read More
The Top 3 Reasons to Embrace Managed Services Based on our research into Financial Service firms reevaluating market data operational support, 3 things that consistently come up as areas that need to be addressed are: Cost Attrition Skilled Staff In this blog we will take a deep look into these and how Managed Services resolve...Read More
Westy Automates Data Notifications! Market data vendors send data notifications to financial firms totaling over 5,000 per year. These notices impact product changes, coverage, and often have financial implications. When data notifications are not serviced firms are at risk of losing service or accumulating additional fees. Firms process these notices with large teams and hundreds...Read More
Meet Westy, our MDS Super Bot! Market data vendors send invoices totaling over $33 billion per year to MDS administrators at some of the most technically advanced financial institutions in the world. However, most of these invoices are processed manually because of the myriad of disconnected systems used in the complex accounts payable process. This...Read More
EXECUTIVE SUMMARY Market data vendors send invoices totaling over $33 billion per year to MDS administrators at some of the most technically advanced financial institutions in the world. However, most of these invoices are processed manually because of the myriad of disconnected systems used in the complex accounts payable process. This results in processing times...Read More
EXECUTIVE SUMMARY Machine Learning (ML) and artificial intelligence (AI) are revolutionary tools that are dominating the application space and are appearing in many aspects of our lives. Every financial institution stores multiple security master files from a multitude of vendors. Ensuring data quality and making decisions based upon best-in-class data sets, verifying the accuracy, and...Read More
Poor data management, an impediment to investment decisions There are hundreds of thousands of entities participating in the markets trading trillions of stocks and billions of bonds. The data describing these financial instruments is often updated, complex, incomplete, and incompatible. These issues impede companies and investors in making investment decisions, managing risk and hinder regulators...Read More
High Performance Data Management no longer optional Firms are increasingly in need of high-performance systems with on demand delivery, caching/storing, analytics and field level lineage capabilities to handle large data requests often due to corporate events like stock splits and mergers, new security issuance, IPOs, equity and debt raising etc. With the proliferation of data...Read More
Getting a handle on your market data is crucial Containing data expenses, maintaining the integrity of access to fee liable and reportable proprietary data has never been more challenging and crucial due to market volatility, legacy applications, and the availability of technical workarounds. Looking for new revenue vendor firms are focusing on non-compliant application usage...Read More
In the Covid-19 world Market Data team workloads have increased exponentially. Teams being under BAU pressure, working remotely, and split across locations have additional challenges. Contract Renewals and Roll Overs are often overlooked or pushed down the priority queue as business users constantly demand new data sets, alternative data, and wider data distribution. Opportunity to...Read More
