When a market data vendor recently reclassified previously free end-of-day data as “delayed” and billed firms retroactively, some institutions faced unexpected annual charges of up to $273,600. The real cost, however, isn’t just higher licensing fees. It’s the lack of flexibility to respond when terms change.
Too many firms remain locked into architectures where their core systems, such as widely used platforms like Front Arena, SimCorp, or Aladdin, typically accept data only from a short list of native providers, so changing vendors, adopting new sources, or responding to pricing changes requires significant IT effort. The result is higher costs, slower onboarding, weaker negotiating leverage, and reduced business agility. At bccg, we believe firms need an integration architecture that makes change simple, turning data onboarding from a project into a configuration so they can control costs, accelerate innovation, and build AI-ready data ecosystems.
