Financial institutions spend significant sums on market data, yet many lack a clear view of what they are buying.

Explore by BCG Expand provides a single, searchable view of vendor products—enabling firms to identify duplication, compare vendors more effectively, and make faster, more informed decisions.

Which vendors provide which products?

Market data ecosystems span hundreds of vendors and thousands of products. Explore gives you a single, searchable catalogue — built on a standardized taxonomy developed over a decade — so your team always knows exactly what's available, who provides it, and how it's classified.

Where is there duplication?

Fragmented inventories mean firms routinely pay for the same data twice. Explore surfaces overlapping products and redundant licences across business units, giving procurement and market data teams the visibility they need to act.

Are you selecting the right data?

With 12,000+ products across 300+ vendors in one place, Explore makes it easy to compare alternatives, identify gaps, and make faster, more confident sourcing decisions — without relying on vendor relationships alone.

What are you actually paying for?

Market data costs have risen at 6.8% CAGR since 2019. Explore connects your inventory to spend data, giving you a clear, accurate picture of your total cost of data ownership — and where the savings are.

As Market Data costs continue to rise, leading financial institutions are using Explore to control costs, enhance transparency, and achieve best-in-class performance

Market Data cost increases observed by Expand, 2019 -2025

 

$50bn — Estimated global market data spend

Costs rising ~7% year-on-year. Explore gives you the visibility to push back.

 

See Explore in action

Search, filter and compare 12,000+ market data products across 300+ vendors — all in one place, with AI search to surface answers instantly.

Ready to bring clarity to your market data? Request a demo

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