Every penny spent on market data in the capital markets can be seen in two ways: For the end users, it’s a cost, a fee, the price of doing business; for the exchanges, brokers or vendors selling the data, it’s their revenue, their raison d’être. Same coin, different view. But just as different audiences view the same coin differently, they are now also taking a fresh look at the systems that others use to manage those costs.

Inventory management systems are almost ubiquitous among financial