StreamBase today released a report on market data management trends for 2009. The report, written by independent analyst Bob Giffords draws on a recent survey of over 260 buy-side and sell-side firms around the globe.
"The survey clearly shows that despite the turbulence people are still investing in data with more firms increasing their investment in market data management than cutting back," said independent analyst Bob Giffords, the reports’ author. "They are seriously looking at new data sources including support for emerging markets and cross-asset trading as well as new technologies like CEP, hardware accelerators and other low-latency solutions." Key findings of the 2009 Market Data Management Trends report include:
• 51.8% cite overall cost reduction as their primary market data objective in 2009
• 43.1% are considering switching data providers in 2009; of those, 65.8% cited budget as the motive
• 50.3% of those considering a switch are looking to improve market data quality
• 32.9% of those considering a switch want wider market coverage through additional data sources and 29.7% want richer data options
• 43.1% of sell-side firms and 35.9% of buy-side firms plan to increase spending on low-latency data and supporting technology in 2009
• 46.5% of sell-side firms and 33.6% of buy-side firms are looking for cross-asset data vendors
“For years market data management has been the backwater of trading systems; now, it’s rising to the same level of importance as the actual trading models,” said Mark Palmer, chief executive officer of StreamBase Systems. Palmer continued, “It’s no great surprise that reducing cost, increasing the quality, and maintaining flexibility and coverage of market data are all key drivers in 2009. Having an underlying trading architecture that allows traders to quickly and cost effectively add, change or remove data sources while improving data quality is key to successful trading in 2009.”
