London Stock Exchange
The London Stock Exchange utilised the expertise of PTS to carry out an MDS Review and Optimisation assignment
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.
- 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”
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.
PTS Consulting engaged a leading financial services company’s Equity Trading business. The company was experiencing a high level of dissatisfaction with their IT Services, which included both inefficiency and uncontrolled spend.Read more