Insights
Whitepapers and
operating notes.
What we write here is what we have done — the structure of the work in the anonymized form our clients have approved for disclosure.
Published
Now available on request.
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The $50 Billion Question: why market data costs keep rising — and the strategies that deliver durable savings.
Global spending on financial market data reached a record $49.2B in 2025 and, at the industry trend growth rate, will top $50B in 2026. The paper examines why renewal uplifts feel automatic, how vendors monetize systems, reach, outputs, and business success — and the moves that deliver durable savings without disrupting mission-critical access.
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2026 Financial Market Data Audit Trends: how vendor & exchange enforcement is changing.
Market data vendor, stock exchange, and index audit activity jumped an estimated 40% in 2025. The paper lays out the trends shaping 2026 — broader scope, remote-first audits, 5+ year lookbacks, and use of unlicensed data to power AI tools — and a pragmatic preparation playbook that reduces audit duration, limits liability, and prevents repeat findings.
Case studies
What the work has produced.
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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 with the renewal cycle.
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A unified 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 based on actual usage.
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