Wealth Management / Market Data Optimization / Market Data Advisory

Market Data Advisory

BCG Expand has a dedicated team of Market Data experts that delivers data-driven insights, advisory services, and execution support to help clients achieve spend optimization.

Explore the solutions

The Challenge

  • ✔Market data costs have risen by 36% over the past five years
  • ✔The top 10 vendors command over 75% of total market spend
  • ✔Clients are consistently asked to do more with less, leading to inefficiencies and overspend
  • ✔Market data costs rarely decrease and continue to trend upward

How we can help

Advisory Services

We provide targeted advisory support informed by benchmark data to identify cost-optimisation opportunities and deliver measurable savings.

Execution Support

We guide clients through the execution of identified initiatives, from vendor engagement to internal approvals, ensuring cost benefits are realised and sustained.

Client success stories

Advisory support achieved £6 million in savings on an LSEG contract renewal.
Benchmarking-driven recommendations delivered 5–10% cost savings through vendor rationalisation and usage rights alignment.
Clients realised measurable cost reductions by translating benchmark insights into targeted actions.

Case Studies

Global Asset Manager

This project focused on converting benchmarking insights into measurable savings through vendor rationalisation and usage-rights alignment, the essence of cost optimisation.

The Challenge

  • ✔Limited visibility into how market data spend compares to peers, products, and usage
  • ✔Fragmented internal reporting makes it difficult to validate costs against industry benchmarks
  • ✔Organisations often lack a unified view of spend and consumption across vendors and business units

How we can help

Data-Driven Insights

We leverage over 15 years of benchmark data from a global peer group to deliver granular visibility into market data spend, usage trends, and peer positioning.

Continuous Benchmarking

We maintain ongoing engagement with clients to refresh benchmarks, track realised savings, and ensure continued alignment with best-in-class peers.

Client success stories

Peer benchmarking identified 10–20% savings potential, which clients realised through advisory and governance frameworks.
Benchmark insights translated into actionable efficiency targets, tracked year over year.
Clients gained clarity on spend distribution and confidence in vendor negotiations.

Case Studies

Market Data Function Setup

The creation of a dedicated market-data function, informed by benchmarking insights and best practices, demonstrates how peer benchmarking data was used to enhance governance and operational maturity.

The Challenge

  • ✔ Market dominated by a small group of large vendors, limiting pricing flexibility
  • ✔Complex contract terms and usage rights create inefficiencies and compliance risks
  • ✔Limited collaboration between procurement, business, and data teams weakens negotiation outcomes

How we can help

Vendor Strategy Advisory

Our experts provide vendor engagement strategies informed by market intelligence and peer data to improve contract terms and optimise licence structures.

Governance & Collaboration

We facilitate collaboration between procurement, business, and data teams, embedding governance frameworks that ensure sustainable vendor and cost management.

Client success stories

Clients achieved double-digit savings through vendor rationalisation and renegotiation strategies.
Successful creation of market data functions (team structures, tooling, governance) strengthened long-term vendor management.
Vendor relationships realigned with enterprise objectives, driving sustained cost efficiency.

Case Studies

Global Investment Bank – LSEG Contract Renewal

It’s a negotiation-driven case where advisory support achieved £6 million in savings by improving contract terms — clearly linked to vendor-strategy execution.

"It’s been a great engagement and partnership from the BCG Expand team with a lot of great materials and discussions."

Global Head of Market Data Tier 1 Bank

"BCG Expand’s advisory support delivered tangible savings and a structured approach to vendor optimisation that’s made a lasting impact on our data-management strategy."

Head of Procurement Global Investment Bank

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