Overview

S4 Market Data helps financial institutions control market data costs and manage vendor relationships. It provides Market Data as a Managed Service (procurement, cost management, contract administration, invoice reconciliation, end-user support), Market Data Administration (inventory of services, vendors, and users, renewals, expense allocation), Market Data Compliance (vendor/audit support, MISU credits, exchange reporting), and spend-analytics dashboards with Tableau, Power BI, and Qlik. The company differentiates itself through deep industry experience, a mix of managed services, consulting, and staff placement, and a track record of over $50 million in data spend with more than $2 million in client savings. Its goal is to be a trusted managed service provider that helps firms implement spend data management and risk optimization, now expanding under TRG Screen after a 2026 acquisition to serve more clients.