Low-key 3-step approach of BIQH
Managing market data can feel overwhelming. With multiple sources and formats creating inefficiencies and compliance risks, BIQH offers a simple 3-step approach to untangle the Market Data Spaghetti and streamline your data management.
Start small with our BIQH Market Data Platform
Begin with one application and one feed, with no major changes required. This way you avoid delays, gain instant value and unlock the full power of the BIQH Market Data Platform from day one. Even with a single data source, you benefit from validation, mapping and a vendor-independent golden copy.
Key benefits of starting small:
Increased visibility Instant insight into market data usage across your organisation.- Data validation Validated from the start to ensure reliability.
- Golden copy Vendor-independent and consistent for accuracy and control.
- Authorization & stats Clear rights management and usage tracking.
- Mapping & linking Immediate mapping and linking of your required data.
The unique 3-step approach
Our 3-step approach is a structured and flexible way to implement the BIQH Market Data Platform. The process is iterative and can be applied for each data vendor and downstream application. Implementation is part of our Managed Services, avoiding lengthy plans and high consultancy costs.
- Step 1 is mandatory This forms the core of the process.
- Steps 2 and 3 are optional These can be tailored to the specific needs of your organisation.
Step 1: Consolidate your data needs
Goal: Ensure compliance and quickly gain control over your market data flows.
We start with a full overview of your infrastructure, checking internal and external data sources, usage and flows into downstream applications. BIQH then consolidates these feeds into one platform, delivering the same data in the same format and frequency, so your applications remain unaffected and no extra change capacity is needed.
Benefits:
- Improved data accuracy and quality
- Reduced redundancy and inefficiencies
- Stronger compliance with data vendor policies
Example: Consolidating Bloomberg, LSEG and Morningstar into one central database to eliminate duplicate data purchases.
Step 2: Upgrade your data interfaces
Goal: Save operational expenses and become independent.
We analyse your current usage and data fields, then upgrade the interface between the BIQH Market Data Platform and your downstream applications. Data fields are normalised across sources, so you can request everything through one consolidated feed (API). During the transition, the Step 1 feed remains available for continuity. Business rules are centralised and applied consistently across your organisation.
Benefits:
- Increased operational efficiency and reduced manual errors
- Enhanced ability to adapt to new data sources and regulations
- Lower operational expenses through streamlined management
Example: Consolidating request files from downstream applications, enabling deduplication of unnecessary requests at data vendors.
Step 3: Unify your data consumption
Goal: Future-proof your market data governance.
We process and normalise your own naming conventions and identifiers for financial instruments. Next, we rescale data formats and values to ensure consistency across downstream applications, creating one single version of the truth. Internal identifiers are linked with authorised external codes, so data can be requested in a vendor-independent way, regardless of differing external codes.
Benefits:
- Consistent data quality across departments and applications
- Future-proof data governance and compliance
- Reduced dependency on specific data vendors
Example: Standardising data identifiers across the organisation so all systems request and receive the same data.
Get in touch with BIQH
Want to explore our 3-step approach? Book a demo, start small with one vendor or application, or simply join us for an online coffee chat.
Market data consumers should be flexible in choosing whichever data source they wish to use.
Bernard Schut
Business Director
