Migration of Non-Real-Time Market Data

Following the acquisition of a major European financial market infrastructure group, the client needed to integrate the acquired entity’s data flows and systems into its own ecosystem while decommissioning redundant platforms. T&S supports this large-scale consolidation programme.

Client context

The client aimed to enhance its Market Data offering for existing customers, maintain service continuity for the newly acquired customer base, and rationalise overlapping data platforms resulting from the acquisition.

Business challenges

• Enrich the Market Data offering for existing clients.
• Continue providing Market Data services to clients inherited through the acquisition.
• Migrate non-real-time reports (reference data, per-instrument daily trade statistics, daily and monthly reports) into the target systems.
• Maintain existing SLAs (approximately 1h20 between market close and report availability).
• Rationalise and cleanse obsolete data while minimising disruption for clients currently consuming these reports.
• Manage the transition period for reports requiring historical data continuity.

The T&S solution

T&S conducted a comprehensive analysis of the acquired entity’s reporting framework, including data definitions and calculation methodologies. The team delivered a detailed functional and technical assessment of non-real-time Market Data reports, covering target solutions, implementation scenarios, project phasing by asset class, and workload estimates across applications and delivery teams.

Technologies & expertise

• Kafka
• Amazon Redshift
• AWS
• Redmine
• BTT (file transfer)

Results & business value

A structured migration roadmap was delivered, including phased implementation by asset class, detailed specifications, and effort assessments. This approach enabled a controlled and low-risk transition of legacy market data reports into the client’s target market data ecosystem.

Conclusion

The project demonstrates T&S's expertise in large-scale market-data migration within capital-markets environments, balancing regulatory continuity, SLA preservation and client experience.