London Stock Exchange

The London Stock Exchange utilised the expertise of PTS to carry out an MDS Review and Optimisation assignment

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Location


London

Overview


The Exchange took on PTS to carry out an MDS Review and Optimisation assignment. Although usually seen as a data provider, the Exchange also consumes a large amount of Market Data, and was spending a significant budget on services and a Market Data delivery platform. The Exchange’s Market Data team was fairly new to the territory and was looking for a partner with the expertise and experience to approach an assignment of this size.

Highlights


  • Review of Market Data services and the delivery platform and technology
  • Close collaboration with users to confirm what business areas needed
  • Potential cost savings of 20% on annual market Data budget
  • Savings inboth services and delivery technology

“Due to the success of this work, the Exchange took on PTS for a variety of further Market Data assignments”

Summary


Following PTS’ recommendation to move towards lower-cost, web-delivered Market Data services for users with less dependence on a platform, PTS carried out an in-depth analysis of the web-based Market Data services now available, along with their strengths, weaknesses and suitability for different types of user. This technology was able to offer the Exchange a step-change in the cost of delivering market data, without sacrificing the needs of the users.

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