A range of companies view it as practical to seek ways to cut their expenditures especially with today's unstable economy. Software solutions and market data are among the targets for costs decrease. Luckily, innovations have made it less complex to identify alternative market data solutions that are not only cost wise but also effective in stock piling, pulling together and sharing delayed data, real-time data and static market data from source to networks.   

Together with the "off-the-shelf" solutions that have contributed a lot to cost decrease, services are able to fashion solutions that can adjust to the needs of every establishment. Normally, services push the employment of their own historical database together with an organization's contemporary data silo structure in the whole practice of building a widespread information system in order to distribute data and analysis to that establishment's clients and employees.  

Here are two alternative market data solutions that can promote cost reduction and data management:

I. Real-Time Data Protocol

At present, establishments do not need to create their own low latency distribution system since services already provide a data distribution protocol that includes integrated database silo storage facilities and data management systems. There are services that present a set of software that can competently hand out real-time market data.

These special tools can handle many input feed handlers as well as grant several outputs such as Excel spreadsheets, Java applets and web based Comet/AJAX applications. On top of that, they offer a choice of API's that authorize users to tailor inputs and outputs. 

This collection of innovative tools contains applications such as data publishing, news story, charting and data retrieval. By connecting the usual database of an establishment to the historical database of a specific service, this establishment is able to regain lost data with minimum effort.

II. Real-Time Data Sharing and Exchange Using Excel

There are tools that enable Excel users to subscribe and publish data from internal sources, external sources and the internet. This alternative market data solution has granted benefits such as:

• Sharing and distribution of real-time market data among numerous Excel users.
• Permit absolute approval and compliance viewing.
• It gives a low latency solution that can rapidly revise protocols to suite the networks' architecture.
• It tolerates the retrieval and configuration of data whenever there is high throughput traffic.

Present alternative market data solutions have not only decreased operating costs but also maintained the quality of data management. Modernization has provided market data solutions that can assist institutions in coping with economic unsteadiness.