Jason Feldman's blog

Corporate Market Data Renewal

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SIG University Certified Sourcing Professional (CSP) program graduate Jason Feldman provides an example of  corporate market data renewal and how it applies to sourcing.


As part of the CSP course requirement, I wish to apply some lessons from this ten-week course and explain my role as a Strategic Market Data Sourcing executive at The Bank of New York Mellon Corporation. I plan to take us through a corporate market data renewal example and will touch upon course material from ‘Week 2’ (Strategic Sourcing_2020) and ‘Week 9’ (Cross Functional Teams_2020).

Financial Market and Reference Data are data issued by a trading venue or a data supplier, such as a stock exchange or a private company label, to inform traders, analysts, bankers, and investors about the latest prices of financial instruments such as shares, derivatives, commodities, indices, and currencies. The data provided may be real-time-delivered, historical, or a combination of multiple time series. 

Look at an upcoming contract data renewal for services utilized within the Bank of New York Mellon Investment Management organization. The data analyzed are benchmark indices used for portfolio management, data analyses, and reporting on external client portfolio holdings. 

As the strategic procurement negotiator for this renewal, there are multiple hats to be worn, and I will start by building a cross-functional business team consisting of the following:

Jason M. Feldman, Market Data Sourcing and Vendor Management, BNY Mellon