Paraxis Investment Data Solutions
Take control of your
Market Data Spend
In today's financial markets, market data has become one of the largest, and least controlled, expenses across the front, middle, and back office. Licensing complexity, constant vendor audits, and rising costs have made optimization not just a cost-saving exercise, but a strategic imperative.
Paraxis exists to solve that problem.
We're not generalist consultants. We are specialists in market data management, licensing compliance, and usage governance for asset managers, investment banks, hedge funds, and private equity. Our global team is built from former market data, vendor management, and compliance leaders who've sat on both sides of the table. We understand licensing, entitlements management, and how audits are triggered. We also know how to deliver sustainable savings without disrupting mission-critical access.
The industry context
Why market data has become a discipline
- $50B
- Global market data spend, and rising.
- 30%
- Of that spend goes to unused or underutilized data.
- Top 4
- Largest expense behind Real Estate, People, and IT.
- $80–150M
- Average annual Tier-1 buy-side market data spend.
Figures reflect industry consulting estimates and Paraxis benchmarking of Tier-1 buy-side and sell-side firms (2026).
Why Paraxis
A discipline built specifically for institutional market data.
Market data is one of the top four costs for financial services firms, yet most lack the visibility and governance to manage it effectively. Licensing complexity, vendor audits, and steady price increases have made data governance a discipline in its own right that most firms are not structurally set up to run.
-
Efficiency
Licenses sized to actual usage. Vendors selected on total cost of ownership. Structural cost taken out of the run rate, not just deferred to the next renewal.
-
Transparency
A vendor inventory the client can see in full. Entitlements mapped to actual user behavior. Audit defense files maintained current as a standing artifact.
-
Focus
Market data is the entire scope of the practice. We don't manage assets, we don't sell software, and we don't give investment advice.
Our clients
Who we support.
-
Asset managers
Index, benchmark, and reference data costs rising faster than AUM. Licensing models that punish ETF and direct-indexing growth.
-
Investment banks
Real-time and historical platforms at scale. Audit posture across NYSE, Nasdaq, CME, ICE, LSEG, Bloomberg, and S&P read simultaneously.
-
Hedge funds
Alternative data spend defended against actual research output. Trial-to-license motions structured to keep the option to walk away.
-
Private equity and family offices
A market data function spun up for a new vertical, or rationalised after a portfolio acquisition. Sized for the work, not the brochure.
And within each firm
The four seats at the table.
-
COO / Chief Data Officer
Operating model & governance — where the function actually lives, and who owns it.
-
CFO / Head of Finance
Cost savings, avoidance, and audit exposure — dollarized, chargeable, defensible.
-
Head of Market Data / Operations
External benchmark and function uplift — validation, ammunition, a playbook.
-
Head of Procurement
Vendor leverage and renewal calendar — inventory, sequencing, standard clauses.
How we help
Three ways to achieve operational efficiency without breaking access.
Market data licensing support
Navigate complex vendor agreements.
We help clients optimize licensing strategy to reduce cost while maintaining essential coverage. Total cost of ownership, not list price.
Read moreCompliance audit support
Audit-ready, before the letter arrives.
We help clients build data-compliant programs that identify and mitigate the risks tied to vendor data use, and that hold up when a vendor audit lands.
Read moreRemediation services
Resolve compliance issues efficiently.
Address vendor compliance issues with proven remediation strategies and the vendor relationships needed to negotiate a sensible settlement.
Read moreProven results
What the work has produced.
Transparency and control within four months of a major merger.
Inventory of the combined market data environment; consolidation of overlapping feeds and licenses; right-sized contracts negotiated on the renewal cycle.
- Right-sizedVendor inventory
- 4 moEngagement
- NewOperating model
A global operating model across three offices on three continents.
Global current-state assessment; unified target operating model satisfying business, technology, and regulatory demand; phase-one contract right-sizing on actual usage data.
- UnifiedTarget operating model
- 3Continents
- 6 moEngagement
Request a Speedway Assessment
A structured baseline of your market data environment, in weeks, not months.
The Speedway Assessment is a fixed-fee, fixed-scope diagnostic of your vendor exposure, licensing posture, and operating model. It produces a prioritized roadmap to reduce cost, strengthen compliance, and improve operating efficiency — a baseline document the firm keeps regardless of what it does next.
Fill out a brief form and we'll reply with the assessment scope, timing and fee.