Overview

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.

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. 

Connect with us on social media: LinkedIn | Twitter