Good morning, Dire Wolf Investments
Your market data estate at a glance — 4 active subscriptions across 3 vendors · April 2026 · Dashboard refreshed today
Annual Spend
$1,244,400
$55,600 under budget
Licensed Users
17
Across 4 products
Compliance Status
Amber
2 items need attention
Renewals Due
2
Within 90 days
Inventory
Bloomberg Terminal15 seats · $450,000/yr
LSEG DSS Redistribution1 platform · $702,000/yr
Bloomberg Data License1 app · $78,000/yr
FactSet Professional2 seats · $14,400/yr
Compliance RAG
Seat utilisationGreen
DACS entitlement alignmentGreen
Bloomberg SID reconciliationAmber
LSEG quarterly usage reportAmber
Spend vs Budget
YTD Spend$310,700
Annual Budget$1,300,000
Forecast Full Year$1,244,400
Budget Used23.9% — On track
Invoice Status
Received3
Approved2
Paid5
Disputed1
Contract Renewals
Bloomberg Terminal357 days
Bloomberg Data License83 days
FactSet Professional83 days
⚠ FactSet — no auto-renew1 May 2026
Action Required
⚠ LSEG Q1 usage report
Due 15 Apr 2026 · Penalty: last report +10% if missed
⚠ Bloomberg SID import
Apr 2026 SID file not yet reconciled
Inventory
All market data subscriptions for Dire Wolf Investments
| Vendor | Product | Seats / Units | Cost/unit/month | Annual Cost | Renewal Date | Status | |
|---|---|---|---|---|---|---|---|
| Bloomberg | Bloomberg Terminal | 15 | $2,500 | $450,000 | 31 Mar 2027 | Active | |
| LSEG | DataScope Select — Redistribution Licence | 1 platform | $58,500 | $702,000 | 30 Apr 2027 | Active | |
| Bloomberg | Bloomberg Data License | 1 app | $6,500 | $78,000 | 30 Jun 2026 | Active | |
| FactSet | FactSet Professional | 2 | $600 | $14,400 | 30 Jun 2026 | Active |
Compliance RAG
Regulatory and licence compliance status across all subscriptions
⚠
Overall Status: Amber — 2 items need attention
Action required before 15 April 2026 on LSEG quarterly usage report
5
Green — Compliant
2
Amber — Review needed
0
Red — Non-compliant
| Area | Check | Detail | Status |
|---|---|---|---|
| Entitlements | Bloomberg SID reconciliation | 15 terminals — SID file not yet imported for Apr 2026 | Amber |
| Licensing | LSEG Q1 2026 usage report | Quarterly usage report due 15 Apr 2026 — not yet submitted. Penalty: LSEG will invoice at last report +10% if not received within 15 days of quarter-end. | Amber |
| Entitlements | Seat utilisation | 15/15 Bloomberg terminals assigned to named users | Green |
| Entitlements | DACS entitlement alignment | All licensed users have valid DACS access confirmed | Green |
| Licensing | LSEG client customer threshold | 22 of 25 permitted client customers. 3 remaining before overage fees of $304/client/month apply. | Green |
| Licensing | LSEG instrument consumption | 87,400 of 100,000 instrument limit in use. Tiered overage pricing applies above 100,000 instruments. | Green |
| Licensing | Data License usage review | risk_platform usage validated against current licence terms — internal use only confirmed | Green |
Spend vs Budget
FY2026 market data expenditure against approved budget
YTD Spend
$310,700
Jan–Apr 2026
Annual Budget
$1,300,000
FY2026 Budget
Budget Used
23.9%
On track
Full Year Forecast
$1,244,400
$55,600 under budget
Spend by Vendor
Spend by Desk
YTD Budget Progress
Jan–Apr 202623.9%
Forecast to year-end: $1,244,400
Saving vs budget: $55,600
Note: LSEG billed quarterly — Q1 invoice ($175,500) due
| Product | Monthly Cost | Annual Cost | Budget | Variance |
|---|---|---|---|---|
| LSEG DataScope Select — Redistribution | $58,500 | $702,000 | $720,000 | +$18,000 |
| Bloomberg Terminal | $37,500 | $450,000 | $480,000 | +$30,000 |
| Bloomberg Data License | $6,500 | $78,000 | $80,000 | +$2,000 |
| FactSet Professional | $1,200 | $14,400 | $20,000 | +$5,600 |
Invoice Status
Vendor invoices — received, approved, paid and disputed
3
Received
2
Approved
5
Paid
1
Disputed
Note: LSEG invoices quarterly (base fees in advance, variable redistribution fees in arrears). Bloomberg and FactSet invoice monthly.
LSEG Q1 2026 base invoice (Jan–Mar) of $175,500 expected — not yet received.
| Vendor | Invoice Ref | Period | Amount | Received | Payment Terms | Status |
|---|---|---|---|---|---|---|
| Bloomberg | BBG-2026-0401 | Apr 2026 | $44,000 | 01 Apr 2026 | 30 days | Received |
| FactSet | FS-2026-0401 | Apr 2026 | $1,200 | 02 Apr 2026 | 30 days | Received |
| LSEG | LSEG-Q1-2026-DWI | Q1 2026 (Jan–Mar) base | $175,500 | 05 Apr 2026 | 30 days | Received |
| Bloomberg | BBG-2026-0301 | Mar 2026 | $44,000 | 01 Mar 2026 | 30 days | Approved |
| FactSet | FS-2026-0301 | Mar 2026 | $1,200 | 02 Mar 2026 | 30 days | Approved |
| Bloomberg | BBG-2026-0201 | Feb 2026 | $44,000 | 01 Feb 2026 | 30 days | Paid |
| FactSet | FS-2026-0201 | Feb 2026 | $1,200 | 02 Feb 2026 | 30 days | Paid |
| LSEG | LSEG-Q4-2025-DWI | Q4 2025 (Oct–Dec) | $175,500 | 05 Jan 2026 | 30 days | Paid |
| LSEG | LSEG-Q3-2025-DWI | Q3 2025 (Jul–Sep) | $175,500 | 05 Oct 2025 | 30 days | Paid |
| Bloomberg | BBG-2026-0101 | Jan 2026 | $46,200 | 01 Jan 2026 | 30 days | Disputed |
Bloomberg BBG-2026-0101 — Disputed ($46,200)
Invoice amount of $46,200 does not match contracted rate of $44,000 (15 × $2,500 + Data License $6,500). Discrepancy of $2,200 raised with Bloomberg account manager on 15 Jan 2026. Awaiting credit note. Per Master Agreement, disputes must be notified within 15 days of invoice date — compliant.
LSEG LSEG-Q1-2026-DWI — Received ($175,500) · Due 5 May 2026
Q1 2026 base fee invoice received 5 Apr 2026. Payment due 5 May 2026 (30 days from invoice). Variable redistribution fees for Q1 will be invoiced separately in arrears once quarterly usage report is submitted. Note: if Q1 usage report is not submitted by 15 Apr 2026, LSEG will invoice based on last report +10%.
Contract Renewals
Renewal dates, notice periods and auto-renewal status
0
Due in 30 days
0
Due in 60 days
2
Due in 90 days
2
Auto-renew active
| Vendor | Product | Renewal Date | Days Remaining | Notice Period | Auto-Renew | Annual Value | Status |
|---|---|---|---|---|---|---|---|
| Bloomberg | Bloomberg Data License | 30 Jun 2026 | 83 | 90 days | Yes | $78,000 | Due in 90 days |
| FactSet | FactSet Professional | 30 Jun 2026 | 83 | 60 days | No | $14,400 | Due in 90 days |
| Bloomberg | Bloomberg Terminal | 31 Mar 2027 | 357 | 90 days | Yes | $450,000 | Active |
| LSEG | DataScope Select — Redistribution | 30 Apr 2027 | 385 | 90 days | Yes (auto-renews 12m) | $702,000 | Active |
Renewal Alerts
Bloomberg Data License — renews 30 Jun 2026 (83 days)
90-day notice period — action required by 1 Apr 2026. Auto-renew is active. Confirm renewal terms with Bloomberg account manager and validate risk_platform usage against new licence terms. Review whether EOD per-security pricing model still optimal vs. flat-rate alternatives.
FactSet Professional — renews 30 Jun 2026 (83 days)
No auto-renew. 60-day notice period — contact FactSet account manager by 1 May 2026 to confirm continuation. Assess whether Research desk requires additional seats for H2 2026. No action taken yet.
Bloomberg Terminal — renews 31 Mar 2027 (357 days)
No action required. Next review due Dec 2026 to assess seat count ahead of 90-day notice window. Currently 15/15 seats assigned.
LSEG DataScope Select — renews 30 Apr 2027 (385 days) · RMA 1-58294736105
Currently within the 39-month initial term (Feb 2024 – Apr 2027). No annual price increases apply during the initial term (special contractual term). Upon expiry, contract auto-renews for 12 months unless either party provides 90-day written notice.
90-day notice deadline: 31 Jan 2027. Schedule mid-year review (Jul 2026) to assess instrument consumption growth trajectory and client customer count ahead of renewal decision. Variable fee overages (per-client above 25, per-instrument-tranche above 100,000) should be modelled against growth forecasts.
90-day notice deadline: 31 Jan 2027. Schedule mid-year review (Jul 2026) to assess instrument consumption growth trajectory and client customer count ahead of renewal decision. Variable fee overages (per-client above 25, per-instrument-tranche above 100,000) should be modelled against growth forecasts.