Market Data, the infrastructure and technology required to deliver it and the systems and processes required to manage it, are major components of any financial institution. The Duncannon Group recognizes that effective management of Market Data requires a diverse set of skills working within a well-defined process. Duncannon is experienced at assisting firms in upgrading, or supplementing, their current processes.
Market Data is a critical component of the financial and trading businesses. Its availability, timeliness, and ease of integration all have significant impacts on the businesses consuming it. Many institutions do not have the capacity to take on large efforts, beyond normal operations. The installation of "best practices"; requires a wide knowledge of the industry, and the successful approaches utilised elsewhere.
Duncannon has worked with many institutions, and assisted them in attaining industry leading capabilities in the area of Market Data, We have two key practices:
Market Data Initiatives
The Duncannon Group has developed specific programs to assist firms with targeted initiatives as market data has grown to represent a significant portion of the external expenses of the financial industry. Growth of requirements for information, real-time, historic or reference has been met by a continuing stream of services, products and packaging from a variety of vendors. Managing this resource has a number of challenges for firms that The Duncannon Group can help overcome.
EXPENSE MANAGEMENT The Duncannon Group has assisted firms in making significant reductions in overall market data expenses. It employs a fact-based approach to demand management for market data services. This accurate process will ensure firms: Cease to pay for terminals they do not use. Cease to pay for services, third-parties and exchanges they do not use. Identify and erase duplicated services. Identify services out of profile .Leverage their spending with vendors by creating competitive situations. Negotiate from a position of full knowledge. Gain persistent savings by enhancing the management process.
VALUE REALIZATION Keeping current with available products that can meet changing business requirements is a challenge. Also ensuring that data is used most effectively needs experience and understanding of the business context. The Duncannon Group can assist firms in:
Market Data Management
The Duncannon Group recognizes that effective management of Market Data requires a diverse set of skills working within a well-defined process. The group is experienced at assisting firms in upgrading, or supplementing, their current processes. These areas are:
MANAGEMENT SYSTEMS Management of market data requires not only management of the market data services from a contract and cost perspective, but also monitoring of their operation. Duncannon has experience in all the major systems in use, and can assist firms in identifying the solution(s) most appropriate to their needs. It can also assist in integrating them into the overall technology management environment. ;Additionally, the group can assist firms in data cleansing and audit programs.
PROCESS RE-ENGINEERING A critical measure of effective management of market data is providing the user with the controls and measures so that they manage the resource themselves. Duncannon has assisted firms in developing or upgrading an automated administration process of request, approval, permissioning, install, usage reporting, and cost allocation along with the requisite management reporting.
OPERATIONS Support of the technologies and services is required to ensure the normal and abnormal operation of the market data services and its distribution across the enterprise. Duncannon can not only assist firms in selecting, installing and selecting appropriate monitoring software, but can also provide experienced resources to provide the oversight and response capabilities needed.
OUTSOURCING Duncannon can offer firms the ability to outsource the complete process or discrete portions of it, ensuring industry "best practice" is applied.
Email: info@duncannon.com
Established: July 1, 1995
For more information regarding Duncannon Philanthropic Advisors, contact Carol O’Donnell at carolodonnell@duncannon.com