Spending for Market Data Products is out
of control for a major Investment Bank, and they turn to
MMG Partners for help.
Approach:
Stages
Key Steps
A. Detailed User Surveys
B. User Segmentation
C. Catalogue User Needs
A. "Switchability" Analysis
B. Vendor Opportunity/Threat
C. Pricing Models
A. Needs Prioritization
B. Scripted Meetings
C. Flexible Contract Agreement
Results:
MMGP cut costs by over 40% for the Bank. Major savings were
achieved by switching from Bloomberg to FactSet or Refinitiv Eikon, as well as by
eliminating duplicate and superfluous exchanges.