Increasingly, banks struggle to manage the costs of inbound data while providing data into the marketplace themselves. This applies particularly when banks do not apply restrictions on data usage. As a result, data provided to support activity such as trading and execution is used by other firms to create commercial data products – resulting in data being sold back to the Bank as a cost of business.
EOSE can work with the bank to create and apply commercial product and controls around outbound data. By licensing the data leaving the bank, the firm understood where their information is used. Subsequently, clients or third party delivery firms understand that the data provided is part of the transaction and is not a free of charge data solution.
By controllling their data, the bank gains insight into where and how it is used. Subsequently, they apply charges for use outside of the bank’s intended distribution or usage.
By working with EOSE, the bank can ensure that staff and resources are focused on core business and maintain relationships while EOSE propose and execute the strategy to apply governance on data.
This process can be executed in a staged approach to ensure minimum up front costs and disruption and expanded as the bank and clients become more familiar with the data licensing process.
Build your market data business for you to run yourself, perhaps with additional support from EOSE data sales specialists.
Support your existing business with our experienced market data professionals. An extra pair of hands when, or where, needed.
The fully outsourced solution. EOSE work with you, and for you – developing and growing your market data business.
We also recommend the bolt-ons you may require, and may introduce new solutions, specifically for your needs.