Paraxis — Investment Data Solutions Contact

Case study · Investment bank

20% savings across three offices
on three continents.

A Tier-1 global investment bank had grown its market data operations organically across multiple geographies. Fragmented vendor management, inconsistent procurement, and no global view of cost or value. Paraxis was engaged to deliver a unified target operating model and a phased savings roadmap.

  • ClientTier-1 global investment bank
  • Scope3 offices, 3 continents
  • Engagement6 months
  • Outcome20% phase-one reduction

The challenge

Three regions, three operating models, no global view.

A Tier-1 global investment bank sought to evaluate the cost and operational benefits of moving to a next-generation centralized market data function. The bank’s market data operations had grown organically across multiple geographies, producing fragmented vendor management, inconsistent procurement, and limited visibility into the true cost and value of its data spend.

  • No centralized view of market data consumption or vendor relationships across the bank’s global offices.
  • Procurement processes diverged by geography, duplicating effort and missing savings.
  • The technology infrastructure supporting the function had aged past its ability to satisfy evolving business, regulatory and governance requirements.
  • Business units operated independently, with no shared demand-management discipline.
  • An assessment spanning three offices on three continents was required, with a view to a global roll-out.

How we approached it

An end-to-end market data transformation.

Paraxis was engaged to undertake a comprehensive market data assessment encompassing vendor management, demand management, the procurement process, and the underlying technology infrastructure. Working from the firm’s end-to-end transformation model, the engagement delivered four core artifacts.

  • Current-state assessment

    Built an "as-is" model across all three geographies. Surfaced the requirements and pain points of each business unit through structured workshops and stakeholder interviews.

  • Global target operating model

    Consolidated the findings from three continents into a unified operating model satisfying business, technology and regulatory demand worldwide.

  • Business value roadmap

    Built a phased transformation plan. Quick-wins identified and sequenced for immediate savings; medium- and long-term steps mapped to the eventual target operating model.

  • User-base evaluation

    Comprehensive evaluation of the active user base, providing the foundation for re-evaluating every vendor contract and right-sizing agreements on actual usage rather than the headcount the contracts assumed.

The result

A global operating model and phase-one savings.

In six months, Paraxis delivered a comprehensive assessment of current issues, target business objectives, identified opportunities for improvement, and a business case with implementation options. Phase one alone produced 20% overall savings through contract right-sizing based on actual usage data. The client engaged a separate firm to run phase two of the transformation, building on the foundation Paraxis left in place.

  • 20%Phase-one savings
  • 6 monthsComprehensive assessment delivered
  • 3Continents assessed in one engagement
  • GlobalTarget operating model defined