Antony Fung

As the financial industry increasingly embraces the cloud, the underlying and often overlooked energy crisis threatens to derail cloud ambitions. SunGard, a hyper-scale data centre and cloud provider, has already fallen victim, and an estimated 16,000 clients are left scrambling in the aftermath. This article explores the underlying cause of rising energy prices, the impact on data centres, the risks to the financial industry, how firms can mitigate risks, and how CJC can help.

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Delivering $1.8M+ Savings with Enhanced Compliance & Control

In this fireside chat, Catherine Ottway speaks with Jack Woodford, the Commercial Management team’s Project Lead at CJC, about a recent engagement with a European financial institution. The client was struggling with rising costs, and compliance risks due to fragmented market data licensing, overlapping vendor feeds, and no central oversight. CJC was brought in for its vendor-neutral approach and deep expertise in market data.

Jack’s team started by mapping out the client’s data flows, licences, and vendor usage using proprietary tools. They reviewed contracts, benchmarked against other vendors, and worked closely with stakeholders across departments to ensure a smooth and thorough process. To tackle duplication and inefficiencies, they introduced an enterprise data management (EDM) solution, a digital contract database with alerts, and set up a centralised procurement team. Tools like the DRDM platform, which houses DN Hub and ATUDL, helped monitor usage and streamline reporting.

The result? Over $1.8 million in annualised savings, audit readiness, and a structured market data procurement setup. This case highlights the shift from reactive to strategic market data management, offering financial institutions a pathway to reduce costs, enhance compliance, and scale effectively within regulated environments. Jack wrapped up by praising CJC’s collaborative culture and the wealth of internal resources that help teams deliver real value to clients. 

Chapters:

• 00:40 – What market challenges did the client face?
• 01:03 – Why was CJC engaged in this project?
• 01:40 – How did CJC approach the project?
• 02:48 – What role did stakeholder engagement play?
• 03:23 – How can CJC address vendor and feed duplication?
• 04:14 – What can CJC do to plug procurement and governance gaps?
• 06:24 – What were the client outcomes achieved?
• 06:50 – Why is this interesting for other financial institutions?
• 07:25 – Working at CJC over the last 4.5 years, what does Jack think of CJC?