Broker data policies stoke fears of ‘exchange-style’ fees and audits

Interdealer brokers are looking enviously at the way exchanges have been able to grow data revenues, providing a stable stream of profits as other business lines have declined. But following the exchange model has its own challenges.

At a time when global exchanges are snapping up over-the-counter (OTC) securities and derivatives marketplaces that have traditionally been the domain of brokerage firms, industry observers say (and not always in a good way) that brokers are conversely becoming more like exchange operators—not necessarily in terms of the markets or instruments they trade, but rather in their approach to licensing the market data generated from their broking operations.

Some of this is not a bad thing: Many

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Deutsche Börse democratizes data with Marketplace offering

Deutsche Börse Group is set to unveil its Marketplace, a one-stop data shop designed to simplify and streamline data acquisition and consumption for its clients, while also surfacing data from across the firm to its own users. Jan Stiebing and Sven…

The IMD Wrap: The growing data catalogue space

With their potential to manage costs and surface strategic datasets, it’s no wonder Max gets excited about data catalogs. This week, he takes a look at a new startup entering the space.

The IMD Wrap: Taking stock of inventory management

With market data and associated costs typically representing a firm’s third-largest expense, there’s a lot of incentive to manage data and its usage more efficiently. Max flings open his fridge to illustrate what’s new in this space.

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