The 3 essentials for effective market data delivery

We’ve all become used to relying on fast, efficient, door-to-door delivery for our day-to-day living. It’s no different with the delivery of market data.

Data delivery is one of the first things EOSE consider when working with both data producers, vendors and end users. It’s right up there with the importance of provenance. 

When it comes to taking delivery of data, timeliness, compatibility and cost should be top of mind. Finding the right vendor or delivery channel partner can make a significant difference to your onboarding timescale, resource requirements and budget.

 

01 Timeliness Is Everything

Market data has a shelf life. End users can’t harvest maximum benefits if data isn’t fresh and fit for purpose. Being able to access fresh data and interpret and analyse it in real-time is essential for keeping your edge in today’s competitive financial marketplace. You need a supplier you can rely on to get the data into your hands while it’s still hot, accurate and most importantly, still relevant. Out-of-date data is not good data.

No matter how perfect a match the data may be for your requirements, its mode of delivery needs to be compatible with the end user’s systems, applications and portals, avoiding any delays when onboarding that could jeopardise its timeliness.

 

02 Are You Compatible?

There are many options for data delivery and finding a provider who can deliver the data you need in a way that’s compatible for integration with your technical infrastructure is vital. Streaming real-time, low-latency data consumers will have a different delivery preference to big-data analytic consumers who are processing and manipulating large volumes of data, for example. Some users prefer to have direct connections to their data suppliers, choosing to build in-house data centres to manage multiple feeds.

Whilst end users need to be mindful of the compatibility of their systems for receiving and integrating data, the onus is also on producers to remove any road blocks. Data producers must offer modern, reliable data feeds to vendors, as well as end users, and need to be as flexible as possible regarding delivery options. It’s essential that producers keep up with developments in data marketplaces and cloud delivery, while also continuing to support the existing, long-established modes of delivery via third-party vendors. 

 

03 Look Out For Hidden Costs

The cost of buying data doesn’t stop when you commit to a contract. It’s important to be clear on any ongoing costs and required resources that could crop up over the course of the contract with a vendor or producer, as well as any infrastructure investment needed to make sure your systems are compatible to receive and integrate the data effectively. 

The cost and resource load of consuming data for end users can present a significant overhead and sometimes dictates or limits data choices. Once committed to one supplier, the hassle and expense of migration to a better option can often blind buyers to getting the very best data for their needs because their internal systems are embedded. If you’re shopping around for the best possible data, but are concerned about the costs of migration, look for a data supplier who is prepared to remove as many obstacles to migration as possible, while still providing a range of secure and robust delivery options.

 

EOSE – Signed, Sealed, Delivered

As data experts, EOSE take delivery and ease of integration of data into account as part of matching a client with the right data solution. We stay across all the different delivery options and user demographics to help data producers put their data into the hands of the end user, whatever their set-up may be. It’s always important to find the right fit. 

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