Case Study

Interdealer brokers outsource their data commercialisation function to EOSE

Overview

Interdealer brokers generate and provide valuable data assets to their clients as part of their core business function. The onward use of that data throughout client and wider market workflows benefits both the trading community and the broker providing data. However, setting up and managing a data business requires resources, skills and tools that aren’t usually present in a brokerage. Furthermore, hiring a data team is a high-cost, high-impact set-up in businesses where revenues can be slow to materialise. Setting up such a team must be managed carefully to protect core business relationships.

Challenges

  • Lack of inhouse knowledge and resources
  • Shareholders or senior management reluctant to make investments on such an unknown business
  • Brokers fear that charging for data will either expose their data to competitors or unwanted end users or will upset key clients
  • No-one internally ‘owns’ the data and there is no obvious place for the business unit to sit
  • There are no controls on the data so the business cannot see if the data is flowing into competitors. Putting the controls in place is difficult and requires experience and expertise

The Solutions

Benefits

The brokers have all achieved a new revenue stream whilst their data has been embedded further into their client workflow. The firms acquire invaluable market intelligence from the use-case and client demographic and gain insight into who uses their data and where.

Our Plans

ANALYSIS & SET UP

Build your market data business for you to run yourself, perhaps with additional support from EOSE data sales specialists.

ON-HAND HELP

Support your existing business with our experienced market data professionals. An extra pair of hands when, or where, needed.

FULL SERVICE

The fully outsourced solution. EOSE work with you, and for you – developing and growing your market data business.

BOLT-ON MENU

We also recommend the bolt-ons you may require, and may introduce new solutions, specifically for your needs.

GET IN TOUCH

We offer a free, no obligation consultation to review and work out how best we can help you and your business. To find out more please get in touch. We look forward to hearing from you.