IBM
Case Studies
Jefferies Unlocks huge cost savings and offers deeper insight to clients with market data from IBM
Overview
Jefferies Unlocks huge cost savings and offers deeper insight to clients with market data from IBMIBM |
Analytics & Modeling - Predictive Analytics Analytics & Modeling - Real Time Analytics | |
Finance & Insurance | |
Business Operation | |
Predictive Maintenance Supply Chain Visibility | |
Data Science Services | |
Operational Impact
By switching to the managed data service from IBM, Jefferies reduced reliance on its incumbent market-data vendor by 90 percent, unlocking substantial cost savings. | |
Jefferies has found the IBM data to be more accurate and of higher quality than that of its previous vendor, providing a better foundation for risk reporting. | |
The significant cost savings on market data have enabled Jefferies to expand its offering and potentially to increase its revenues by giving more opportunities to clients. | |
Quantitative Benefit
90% reduction in reliance on previous data vendor generates major cost savings | |
20% shorter cycle times reduces risk of delays to critical reports | |
Enables expansion of special margin rules to a broader range of clients at no extra cost | |