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pipelines. Consider leveraging external providers as this might be the easiest way to get going on a small budget but be aware that this may result in less control, oversight, and flexibility for future changes.”
Moreover, using thirdparty and market data to supplement transactional data was underlined as essential to ensure comprehensive analysis and informed decisionmaking. Speaking to this, Bonde emphasised the impact that additional data has on pre- and post-trade decision making, such as helping identify areas for improvement in execution quality.
“ The decision between in-house solutions and third-party providers often depends on factors such as the organisation ' s size, available resources, and specific requirements. In-house solutions offer greater control and customisation but require significant investment in technology and expertise. Third-party providers can offer cost-effective, ready-to-use solutions but may lack the flexibility of custom-built systems.”
Data integration In the same vein, facilitating the integration and connection between transaction cost analysis( TCA) and order management system( OMS) providers on the desk was a core topic of discussion for the buy-side. Data relevancy and accuracy consistently arose as key challenges associated with this
48 // TheTRADE // Q2 2025