Vela's Terminal Usage Optimization suite enables firms to rationalize their use of premium services, including Bloomberg and FactSet terminals and Reuters market data service, with comprehensive reporting into usage of market data subscriptions.
The service includes access to the DART Portal, a business intelligence interface that provides high level dashboards as well as more granular data. Value Added Reports provide insight into how terminals are being used, including user and desk profiling, peer-to-peer benchmarking, top functions, and various usage heat maps.
There is pressure in the financial technology industry to identify areas where cost savings can be made and focus on this has turned to market data spend.
Financial firms have little visibility into how vendor products are used in their organization and thus find it hard to renegotiate contracts.
Although there are many alternatives to the incumbent market data vendors, switching is impeded by lack of transparency into how the products are actually used in the organization.
Terminal Usage Optimization currently provides usage solutions for Bloomberg and FactSet terminals. It is also available for the Reuters market data service as a complimentary offering to DACS.
We are continualy expanding this solution based on customer demand.
The Terminal Usage Optimization solution rapidly identifies unused and under used market data services providing cost optimizations that lead to significant return on investment.
The analysis and reporting provides visibility into how market data services are used, empowering you with evidence to renegotiate contracts and replace services with cheaper alternatives.
The reports produced are fully customizable and supported by the Vela DART Data Analyst team. New reports are continually being added based on client demand.
Terminal Usage Optimization isn't just reporting software. It's backed by our team of expert analysts who help to reduce your market data costs without having to retain an expensive on-site consultancy.
Vela's DART Data Analysts pro-actively monitor system health and help to train your users and support their ongoing analysis.
A set of tools and services to track market data usage across your organization.
Market data managers, administrators and business analysts at any firm that uses premium market services who need to track, understand and optimize the use of these services.
A complete picture of terminal usage to help clients better manage their terminal spend. Available for Bloomberg, FactSet and Reuters.
To receive the Terminal Usage Optimization Product Sheet, please complete the form below.