Data Creators - A New Strategic Vision
Exchanges and other data creators play a central role in the data industry, but data creators are often left out of discussions about the future — sometimes even in their own organizations. Every element of data for the financial markets — usage, content, ownership and intellectual property, administration, management, pricing and delivery — has fundamentally changed and change is accelerating. If you are responsible for market data at an exchange or a firm that creates data for resale you can no longer: propagate policies because “that is how we do it;” cause needless administrative burdens because “simplifying is too much work;” or interfere with new products because “we are afraid of what they might mean.” Whether you work for an exchange, a news organization, a research provider, a vendor, or a financial firm: if you manage information products for hard or “soft” dollars that, it is time to think about your offerings in new strategic ways.
When you finish this course you will:
- Understand how your data is used and how that usage is changing;
- Learn how to enhance you content to ensure it is most valuable to its users;
- Consider ways to enforce your intellectual property rights without damaging its value to your customers;
- Evaluate ways to simplify the administrative burden you impose on your customers while protecting your revenues;
- Explore new ways to price your services that take advantage of its value to customers; and
- Examine ways to deliver your services to make them more valuable and create new products for your information business.
Level: Intermediate to Advanced
Schedule: TBA
Instructor: Tee Williams is a well-known consultant and Principal of Tee Williams Associates. Tee is an expert on market data operations and strategy, helping exchanges, vendors and financial institutions with the information technology. He wrote "Death of 1000 cuts: Strategic Peril and Potential in the New Market Data Industry."