June 25, 2024
Case Study: How A Bank Could Save £1.3M In Annualised Market Data Spending via Unification
commercial management

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A leading global bank approached CJC and commissioned a feasibility study to consolidate multiple market data systems at its two London-based entities. Partnering with Sherpa, a Bloomberg L.P. specialist, recommendations generally fell into 2 categories:

  1. Optimisation and compliance against market data sources and vendor.
  2. Identifying a single operating model to accommodate the needs of both organisations.

Assessing the bank's systems to ensure long-term operational efficiency and risk mitigation, Alveo Prime was under review to become the primary market data pricing and rates repository for the next 3-5 years.

Taking a two-phased approach, CJC and Sherpa estimated that consolidating data licenses would achieve more than £111,000+ per month in cost savings. Also, consolidating market data systems and migrating to a modern version of Alveo Prime over 2-years would address the bank's head-on technical debt, allowing immediate gains in reduced support, maintenance, and development costs for in-house software upwards of £75k-£100k per month.

  • Investment Banking
  • Alveo Prime
  • AWS Cloud
  • Bloomberg (B-PIPE and Data License)
  • Chronos ORacle
  • GoldenSource
  • ICE Super Derivatives
  • Ikarus
  • Infinity
CJC Services
  • Inventory Management
  • Data Licensing Management
  • Vendor Contract Management
  • Managed Commercial Services
  • Market Data Auditing

Client Objectives

  • Market Data System consolidation
  • Identify Optimal IT Architecture & Cost
  • Market Data Cost Savings
Client Benefits
  • Enterprise Capable Platform
  • Consolidated Architecture
  • FinTech Provider Ready
  • Reduced Technical Debt
  • Support & Data Cost Efficiencies
  • Data Compliance


About CJC:

CJC is the leading market data technology consultancy and service provider for global financial markets. CJC provides multi-award-winning consultancy, managed services, cloud solutions, observability, and professional commercial management services for mission-critical market data systems. CJC is vendor-agnostic and ISO 27001 certified, enabling clients the freedom to focus on their core business. 

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