VSource digital catalog enhances TRG Screen’s market data subscription optimization solutions
New York, San Francisco – October 13, 2022 – TRG Screen, the leading provider of enterprise subscription management solutions, announced that it has entered an agreement with VendEx Solutions, the centralized market data hub for financial services. The agreement includes the VSource solution, which enables customers to easily research and compare market data vendors, products and services.
VSource is a live digital catalog of more than 3,700 active market data vendors in the financial services industry. The database is powered by a proprietary alphanumeric taxonomy that captures product and service information at a granular level, enabling in depth search results segmented by vendor, product, service, geography, delivery, asset class, instrument type and more.
This agreement continues TRG Screen’s strategy to partner with complementary solution providers, driven by customer demand. Adding VSource to TRG Screen’s capabilities aligns with the firm’s vision to enable its financial services clients to more easily manage the entire lifecycle of their market data subscriptions. This announcement follows the recent launch of Optimize Insights, offering customizable actionable insights and critical reporting that allows market data teams to fully optimize subscriptions.
Leigh Walters, President & COO at TRG Screen: “Our goal is to help financial institutions gain a true handle on their market data subscriptions across the entire lifecycle, while embedding crucial time and cost savings. This partnership facilitates standardization, comparability, and transparency, allowing our customers to more easily evaluate and keep track of market data offerings – while our platforms give complete control to optimize market data spend and usage. We’re excited to work with VendEx to bring to market innovative solutions for the market data industry.”
Richard Clements, CEO of VendEx Solutions: “TRG Screen has an impressive established client base of market data consumers. The addition of VSource to TRG Screen’s suite of market data management solutions will provide new growth opportunities for both companies. We look forward to a close collaboration to move the industry forward with streamlined workflows for both market data vendors and consuming institutions, eliminating hundreds of millions of dollars in annual costs that are a weight on the industry.”
Under the agreement, TRG Screen will provide sales and relationship management for new customers, while VendEx will provide after-sales support and development, and continue to manage all existing client relationships.
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About TRG Screen
TRG Screen is the leading provider of enterprise subscription management solutions. Founded in 1998, TRG Screen is uniquely differentiated by its ability to monitor both spend and usage of data and information services including market data, research, software licenses, consulting and other corporate expenses. TRG Screen’s solutions provide its customers with full transparency into their vendor relationships and their subscription spend and usage, enabling them to optimize their enterprise subscriptions. TRG acquired Priory Solutions in 2016, Screen Group in 2018, Axon Financial Systems in 2019, Market Data Insights in 2020, and Jordan & Jordan’s Market Data Reporting (MDR) business in 2021 and with these acquisitions is now positioned as the global market leader in the financial, legal and professional services markets. TRG Screen’s product portfolio includes subscription spend, usage, enquiry and compliance solutions. For more information visit www.trgscreen.com.
About VendEx Solutions
VendEx Solutions is the centralized hub for the financial services market data industry. The VendEx Ecosystem is built on a foundation of industry standard identifiers and a dynamic digital directory of vendor products and services, powering a suite of sophisticated integrated tools and workflows that eliminate industry frictions for both market data management and financial technology vendors. Leveraging deep industry knowledge, VendEx works with the world’s largest market participants to create, design, and ultimately deploy the only centralized utility with tools built by the industry, for the industry.
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For more information, please contact:
Roel Mels, +31 73 6122 940, [email protected]
Juli A. Morris, [email protected]