Tick by tick and dollar by dollar, market data has become one of the steadiest-and stealthiest-drains on today's technology budgets.
With the easy savings already realized through vendor management and careful subscription monitoring, it's time to tackle the rampant structural inefficiency and unnecessary expenditure around market data
Sources of Market Data Waste
Third-party and custom desktop products that could be consolidated within a single product
Three separate distribution infrastructures for market data, internal data and data sent to clients
Using live feeds for development/QA test data
Paying exchange fees for developers and testers
Unnecessary market data distribution platforms for development and QA and associated network and admin costs
Overly complex and expensive solutions for latency monitoring
Wasted custom development building tick-capture solutions
Remarkably inefficient development practices around market data
CodeStreet has worked to solve these problems with a suite of market data tools that are rapidly becoming recognized as paradigm changing within the market data world.
Each solution addresses one or more sources of wasted expense. When used together, enormous cumulative savings accrue by transforming the way the financial community views, develops, tests, captures and measures market data.
Market Data Integrator™ - Allows Bloomberg to be a single desktop solution, eliminating the need for other third-party and custom desktop tools. It also allows you to publish your data to the broader Bloomberg community of almost 300000 users in an extremely simple manner.
Market Data Studio™ - Eliminates need for exchange fees and data feeds in development and testing - dramatically increases developer efficiency
Market Data Metrics - Low-cost latency monitoring requiring no specialized hardware
Market Data Warehouse - Low-cost tick capture for enterprise and small custom needs
ReplayService for RMDS - Simulates an entire Reuters Market Data System distribution platform eliminating the need for a separate development platform
When broadly deployed, CodeStreet's market data tools have been shown to save millions of dollars annually.
So why not call your friends who are working at firms already using CodeStreet products and hear how much they are saving. They'll tell you it's the first time they have ever seen technology that saves them enormous amounts of money while actually increasing functionality for the users and thus being welcomed by them.
To find out more, please contact sales@codestreet.com or call (646) 442-2800.
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