A 7-Step Process for Banks and New Venues to Create a Future-Proofed Data Business
If you are a bank or a new trading venue, you may be aware that there is significant value in the market data that is generated by your business activities.
But you may not know how best to monetise that data effectively, which could mean that you are missing out on the opportunity to generate revenues that could improve your bottom line. Data is a lucrative business, as market data vendors, exchanges and interdealer brokers have proven.
But there’s a right way and a wrong way to monetise your data
It might seem easy to come up with a pricing model, start sharing your data with the world, and then sit back and watch the revenues roll in. But through decades of experience, we’ve learned that there are many nuances and pitfalls that can cost your business, not only in terms of missed revenue opportunities but also through lost clients (both for the data but potentially also for order flow to your core business), if you deliver a poor data experience.
If you’re considering building a data business at your bank or new venue, download this white paper to learn: