The Challenge
A global Tier 1 investment bank with $45 million in annual market data expenditure across five major business units faced a complex and costly data infrastructure problem. Years of organic growth, acquisitions, and decentralized procurement had created a fragmented landscape:
- Duplicate data feeds consuming identical content across multiple business units, each paying separately
- Fragmented vendor relationships with over 60 individual contracts and no consolidated negotiation leverage
- MiFID II compliance concerns related to data redistribution across European operations
- No enterprise-wide view of data consumption, making it impossible to identify redundancy or waste
- Individual business units optimizing locally while the enterprise overspent globally
Our Approach
Oceanview Partners designed a comprehensive distribution engineering engagement that mapped the entire data supply chain from vendor source to end consumer. Our team -- including specialists with deep EMEA regulatory expertise -- executed a four-phase strategy:
- Distribution Engineering Audit: Mapped every data feed, API connection, and terminal across all five business units, identifying where the same content was being delivered through multiple channels
- Cross-Department Data Flow Mapping: Created an enterprise-wide data consumption model showing exactly which business units consumed which data products, enabling identification of consolidation opportunities
- Vendor Consolidation Strategy: Developed a unified vendor management framework that consolidated 60+ individual contracts into strategic enterprise agreements, significantly improving commercial terms
- EMEA Regulatory Alignment: Ensured all data redistribution practices across European operations met MiFID II requirements, with particular focus on pre- and post-trade transparency obligations
The Results
$4.2M
Annual Savings Achieved
41%
Duplicate Feeds Eliminated
1
Unified Vendor Management Framework
100%
MiFID II Compliance Achieved
Beyond the immediate financial impact, the bank gained an enterprise-wide view of its data consumption for the first time, enabling ongoing optimization and informed decision-making around future data investments. The unified vendor management framework continues to generate savings through consolidated negotiations and strategic sourcing.
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