Overview
The cost of market data is becoming a major issue for financial institutions.
Investment firms are investing massively in solutions and increase the focus on data governance, resulting in higher human capital costs for data management functions.
How do you address the burden of financial market data cost?
NeoXam Data Cost
DataCost is a suite of two non-intrusive and plug & play modules, DataCost Optimizer + DataCost Monitor, which enables you to monitor, control and optimize data provider subscription costs and generate recurring savings of around 15%.
NeoXam Data Cost Optimizer
DataCost Optimizer notably wipes all redundant client requests out, by anticipating intraday clients requests, based on the data freshness. It works proactively by maintaining a cache of all requested data, which it makes accessible to all consumers via all the platform's standard tools: file transfer, Web Services, Excel API, etc.
DataCost Monitor
DataCost Monitor helps to understand, analyze and manage the costs of financial data subscriptions. Natively multi-account and global, it provides multi-axis in-depth analysis.
Key Benefits
Strong experience
Preliminary studies base on 15 years experience with high precision
Optimization
An optimizer that suppresses the delay imposed by provider anticipating the demand
Monitor
Monitor the consumption giving a clear explanation of variation from month to month
