Information, access to it, effectively sharing it and reporting its use is central to the success of the financial services industry. Loss of data or mis-reporting of data can both have a significant impact on an organisation causing huge financial loss and risk reputational damage.
Because there are so many different markets in which to trade and so many new and emerging electronic trading venues, market data managers have a more complex area to manage every year. Globally, financial firms currently spend over $30 billion in market data services each year. So making the right decisions around information providers, systems, implementation and reporting can have a huge impact on the business and its competitiveness.
As independent specialists with deep insight into all the key vendors products and exchange rule sets, Ballintrae is ideally placed to guide the world’s leading financial institutions in their decision making and then provide hands-on support during implementation.
Ballintrae also has a suite of unique of services and products in the Market Data Arena. We have a team of Market Data Administration, Analyst and Compliance Specialists who are able to provide our clients with complete and flexible end to end solutions.
These include:
Market Data Compliance / Audit health check
Our specialists provide an in-depth market data health check and compliance overview where we analyse the complete flow of market data within the organisation (including all data feeds, terminal products and in house developed applications). Clients receive an analysis featuring a complete flow chart of market data within the organisation highlighting areas of non compliance and recommending potential cost savings This service is a useful pre-audit health check ensuring compliance and giving the organisation an opportunity to begin addressing any non compliance on your terms. Waiting for an Exchange or Vendor audit can lead to multiple years worth of liability having built up since the last audit. With our Ballintrae Exchanges Rules and Regulations Database, Ballintrae is uniquely placed to conduct this pre-audit health check.
Market Data Outsourcing/Managed Service
Due to our database and many years of expertise, Ballintrae is uniquely placed to offer a cost effective complete Market Data Outsourcing service. Benefits of this service for clients include access to a range of Market Data professionals to carry out their Market Data Management at a cost effective rate leaving clients to focus on their areas they specialise in. This service has proved particularly popular giving clients peace of mind knowing that we have everything under control, and there is a full time team of experts on hand.
Audit Management and Negotiation
Exchange and Vendor Audits are often hugely time consuming and a real strain on resources. Audits can often happen at short notice and go on for many months constantly putting a strain on maintenance of "business as usual". Ballintrae offers our clients a unique solution where our team manage the audit from start to finish and even help with the final negotiations. This service dramatically reduces the impact of an audit on our clients as well as speeding up the whole process which leaves a positive impact on our clients relationship with the Exchange or Vendor.
Due to Ballintrae’s strength and depth of expertise in the Market Data practice along with the compact size of the company we are in a position to offer our clients flexible expert solutions to all their Market Data needs.
Please contact Market.Data@Ballintrae.com for further information or call +44 (0)20 3162 7070