Transaction Network Services (TNS) has unveiled two new solutions – Data Usage Optimizer (DUO) and TNS Market Data as a Service – aimed at helping banks and hedge funds optimise market data management and reduce costs.
The tools are designed to assist buy- and sell-side firms in managing data usage and streamlining subscription expenses.
DUO is a data monitoring product that generates detailed reports identifying unused market data feeds within organisations. By highlighting employees who have not accessed specific data feeds, DUO enables firms to eliminate unnecessary subscription costs.
In addition to DUO, the new TNS Market Data as a Service is a vendor-agnostic platform that combines hosting, connectivity, application management, and administration for market data services. The service integrates seamlessly with client systems, offering 24/7 monitoring and proactive alerting.
According to a press statement, the integration of DUO with TNS Market Data as a Service allows firms to “gain full visibility into data usage, enabling more efficient infrastructure monitoring, cost management, and productivity improvements”.
