Xmon: bulk data files cost simulation now available!


Xmon is now able to define vendor bulk data files and run cost simulation based on all requests monitored in Xmon for a given month. If you’ve wondered whether bulk data purchase is more cost effective compared to data purchased using ad-hoc models, then look no further, Xmon has the answer!

Most market data vendors offer a purchase of bulk data on an annual basis, with this data being received automatically, containing a predefined set of fields and securities. Understanding whether or not to use bulk files instead of ad-hoc models is a complex process, which involves sifting through large amounts of data and running sophisticated cost modelling scenarios. With Xmon this process is made simple, repeatable and time-efficient. Xmon is now able to tell you whether adding that bulk file into the plan of your data consumption is more efficient than requesting the same fields ad-hoc. If you do have a bulk file subscription, Xmon will indicate whether it makes sense to keep it.

Setting up this two-step simulation in Xmon is very simple.

First, create a definition of the bulk file, which includes the annual cost and data available in that file:

Xmon rules engine

Second, run the analysis for a selected month. Xmon algorithms will then provide the results in an easy-to-read summary table:

Xmon simulation for reference data bulk files

If you wish to find out whether you’re making the most of your reference data commercial models or to learn more about Xmon, reach out, we would love to help!