Meridian Data Advisory helps financial institutions take control of their market data ecosystem — reducing costs, enforcing compliance, and unlocking the full value of vendor relationships.
Without dedicated oversight, market data budgets balloon. Duplicate entitlements, auto-renewing contracts, and unused feeds go unnoticed for years.
Exchange reporting requirements are complex and constantly evolving. Non-compliance exposes firms to significant fines and reputational damage.
Bloomberg, Refinitiv, FactSet — they negotiate thousands of contracts a year. Your team may do it once. The knowledge gap costs you at every renewal.
Joiners, leavers, entitlement changes — without active inventory management, firms pay for access that has long since ceased to be used or needed.
These are not the same thing. Here is why the distinction matters for your firm.
Focuses on systems and infrastructure — not the content, licensing, or economics of market data
Unfamiliar with vendor contract structures, usage-based billing, or redistribution licensing nuances
No existing relationships with Bloomberg, Refinitiv, ICE, FactSet, or exchange data teams
Exchange reporting and entitlement compliance fall outside their scope of expertise
Cannot advise on front, middle, or back-office data workflow optimization
Deep fluency in the market data ecosystem — vendors, exchanges, delivery formats, and data workflows
Expertise in contract negotiation, entitlement structures, and licensing compliance across all major vendors
Established relationships with vendor account teams that accelerate negotiations and resolve disputes faster
End-to-end exchange reporting, EMRS/DACS administration, and compliance program management
Advises on data delivery strategy — direct feeds, APIs, vendor platforms — aligned to business outcomes
Sourcing, negotiating, and managing market data agreements across your full vendor portfolio — from Bloomberg to niche data providers.
Auditing your current data spend, identifying redundancies, and executing consolidation and cost-avoidance initiatives at renewal.
Maintaining accurate entitlement records, managing joiner/leaver processes, and keeping your inventory current and compliant.
Monthly and quarterly exchange reporting, policy enforcement across end-users and applications, and datafeed administration (EMRS, DACS).
Interfacing with your legal, finance, IT, and procurement teams to manage approvals, allocations, and invoice reconciliation seamlessly.
Advising on front, middle, and back-office data use cases — helping teams select the right delivery format, vendor, and integration approach.
We uncovered unnecessary data spend in our first conversation with Meridian Data. They knew the vendor playbook better than the vendors themselves.Chief Operating Officer Mid-size asset management firm, $8B AUM
Client Intake Form
We map your full data landscape — vendors, contracts, entitlements, spend, and compliance posture — in weeks, not months.
We present a prioritized plan with quantified savings opportunities and compliance remediation steps.
We implement — negotiating contracts, cleaning inventory, filing exchange reports, and managing vendors on your behalf.
We stay on as your embedded market data team, handling day-to-day operations so your internal teams can focus elsewhere.