Xignite provided the Bank of Montreal with a centralized method to address critical market data usage issues such as data entitlement, tracking, use allocation, and compliance.
Market data within the bank was originally managed system-by-system with multiple market data requests. It was unclear which accounts were downloading data, how many times the data was being downloaded, and if the data was being downloaded across different legal entities. This lack of transparency made it challenging to support audit requests, counter vendor file discrepancies, and determine actual consumption for funding allocations.
Read this case study to learn about how BMO saved 30% off their market data spend in just a year.