Substantive Research reveals new metrics for market data negotiations framework

The research firm will make its industry-derived project available for public consumption next month.

London-based market data consultancy Substantive Research—which was recently acquired by Euronext—is set to debut in February its cost avoidance framework, a crowd-sourced project that has been in the works for the last year.

Participants from the buy side, the sell side, and other vendors have been giving feedback on the framework, which aims to bring greater transparency to the negotiation process between market data vendors and consumers to help reduce data costs for user firms.

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