Alternative Market Data Solutions To Reduce Data Costs

Market data owns a large piece of operational expenses and this expense is becoming harder to ignore. In today's unsteady economy, reducing costs has been a concern RIAs (registered investment advisors) and wealth management firms have been dealing with. Fortunately, it is possible to find alternative market data solutions that are cost efficient yet effective in predictive analysis, historical data research as well as can provide access to accurate information for better decision making.

Internal Data Display Solution

This solution can store, transport and display financial market real-time data and is able to handle several information providers in a single interface.

This refers to an application that can handle several 3rd party real-time data feeds from suppliers as well as an organization's internal information feeds. Services with this solution usually provide access to their real-time "mark to market" and "end of day" database which can be integrated into an organization's own hosted solutions. The application for this solution can then be utilized to display data across an organization's authorized users.

Hosted Data Display Solution

This alternative market data solution is perfect for users who only require a particular set of information. It reduces data costs since organizations are not obliged to pay for the information they do not really need.

Services for this solution have data that can be acquired from several suppliers in which users are allowed to choose from among these suppliers. Some services supply the needed infrastructure to maintain and supply real-time data solutions as well as the data needed for an organization.

This solution allows organizations to reduce costs by not requiring them to host their own hardware solution.

Highly Configurable Solution

This solution is intended to cater for the different data requirements and purposes of market participants. A solution should not have an inflexible format where the data outline is set or the supplied data quantum is unsuitable for different users' needs.

This solution's flexibility allows users to create data displays that can match their individual needs. Some tools for this solution can simultaneously display up to nine windows in a template of a user's browser in which are all completely configurable. These tools can display different templates in Java of various asset classes in which each template is configurable to suite every user's workspace.

There are alternative market data solutions for corporate treasurers, brokers, traders and other financial market participants who aim to reduce data cost as well as increase analysis' accuracy. These solutions have the capacity to display market data from various sources as well as display data that resulted from a user's calculations on spreadsheets.

John Conejos writes about ways to reduce market data costs without sacrificing data accuracy and quality. He wishes to introduce Derivative Trading Systems' Hosted Market Data Solution. This solution offers both the reduction of data costs as well as the elimination of needing to host your own hardware solution. Try DTS's advanced analytic tools now for FREE.

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