All capital market participants depend on reference and market data to fuel their investment operations. When the vendors supplying this data apply changes to their licensing agreements, the impact of these changes can be significant. From increasing costs, compliance risks, or even the risk that the data tap gets turned off – the potential impact of doing nothing can be very real.
To ensure compliance with licensing permissions and to optimize market data spend, firms must have a centralized view of their vendor data consumption and usage across all business units.
Full control over data sourcing and usage
SimCorp Gain Data Portal is a software application dedicated to the efficient and compliant sourcing of market and reference data from popular data providers.
This award-winning application executes pre-defined data feed requests, stores the requested data in a central repository, and then makes that data accessible to the systems and users that need it.
By centralizing all data requests from one or multiple data feeds, SimCorp Gain Data Portal enables business users and applications to access data that has already been requested in a compliant way, and without incurring additional costs.
Firms using SimCorp Gain Data Portal have complete transparency into their data costs and usage at an account, business unit, and organizational level. Furthermore, cost savings are delivered immediately thanks to sourcing optimization.
With data vendors’ ever-evolving commercial approaches and increasingly complex licensing agreements, determining vendor data consumption across different departments, optimizing market data spend, and complying with licensing permissions, are all big challenges…
Benefits of SimCorp Gain Data Portal:
- Central control over vendor data requests and usage
- Fully maintained adaptors to leading data providers
- Business users can easily access the data they need
- Potential for immediate cost savings thanks to sourcing optimization
- Intuitive reports and analytics
- Sets the foundation for a best-practice approach to data management that addresses data quality, data lineage and data governance
An industry-proven business application
SimCorp Gain Data Portal is a lightweight and fully-productized business application that empowers firms to take control of their data costs and usage.
Driven by an active community of users and data management specialists, the application is designed to help you save costs, eliminate waste and ensure compliance with your data usage contracts.
Designed to help you meet the increasing demands for data compliance, end-user empowerment and data cost control, SimCorp Gain Data Portal helps you access the reference data from anywhere within the organization, with full control and transparency over the usage.