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      TNS Launches Customer Portal For Market Data Cost Optimisation

      Published: just now

      TNS

      Transaction Network Services (TNS) has launched an interactive customer portal as part of an upgrade to its Data Usage Optimizer (DUO) platform, giving buy-side and sell-side firms direct access to tools designed to identify and eliminate unnecessary market data expenditure.
       

      The portal, which builds on the original DUO launch in late 2024, allows firms to upload vendor entitlement files and generate savings reports independently. TNS said the tool converts raw data files into an actionable dashboard, enabling firms to pinpoint unused subscriptions and reduce costs without relying on external support.
       

      Market data remains one of the largest operational expenses for financial firms, and cost management in this area is widely regarded as complex. TNS said it had already deployed DUO with global banks and financial institutions, with one bank reported to have achieved monthly savings of $60,000 after unused data feeds were identified.

      Tom Lazenga

      Tom Lazenga, General Manager, TNS Financial Markets


      Tom Lazenga, General Manager, TNS Financial Markets said:

      “Last year we introduced DUO to solve a critical industry problem. Today, we're putting the power to control market data costs directly into our customers' hands. The DUO portal empowers data managers and desk heads to instantly identify and act on potential savings.”


      The portal represents the second release of the DUO software and provides a centralised, global view of data expenses. Features include a data grid allowing users to filter information by user, location, or data feed, with the ability to create and save custom reports. The platform also supports multi-site management across a firm's global offices and allows users to input contract pricing, bulk discounts, and regional fee variations to model potential savings.
       

      Tom Lazenga, General Manager, TNS Financial Markets also commented:

      “Our goal with the DUO portal was to make identifying wasted spend as simple as possible. This portal lays the foundation for our product roadmap, which includes automated feed provisioning and support for additional data providers.”


      TNS is a provider of infrastructure, connectivity, market data and analytic services for the financial markets sector. Founded in 1990 and headquartered in the United States, with offices across Europe and Asia, the company serves more than 750 counterparties globally.
       

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      Bhargav is a Business Analyst at LF, working at the intersection of business strategy, marketing, PR, communications, and operations. I enjoy transforming ideas into meaningful initiatives, building better processes, strengthening brand presence, and creating solutions that drive measurable impact.

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