Substantive Research

About Substantive Research

Substantive Research provides data and analysis on investment research and market data costs for financial institutions and asset managers. The company tracks research spend, market data pricing, and the adoption of new technologies within the buy-side sector. Recent coverage has focused on the impact of emerging technologies on market data costs, research spending trends, and the regulatory challenges facing asset managers.

FF News has published 3 stories featuring Substantive Research, most recently "AI Adoption to Drive 50% Surge in Market Data Costs for Financial Institutions by 2027" (13 October 2026).