Market Data Management (MDM)

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Overview

Market Data Management means keeping control of your Market Data costs and commitments.

Whether you trade Equities, Fixed Income, Money Market instruments, FX or any other asset class, market data is your life blood.

Today, there are hundreds of vendors providing thousands of service varieties – each with their own complex pricing and usage rules, which have to be followed to the letter. This can be a major challenge for even the largest organisations.

The majority of the world’s major financial institutions rely on Market Data Manager to manage their vital market data environments and keep them in control at all times.

Key Features

Trader Profiles Define the set of vendor services and access methods used by the optimal trader in each of your business areas. Once you’ve created the profiles, you can tag each trader and compare their actual permissions to identify any exceptions.

Inventory Cost Management Gain a clear understanding of how many users are actively using any given product or service, and how much it’s costing your operation. Allocate those costs internally to the appropriate cost-centre, for greater business transparency and accountability. Then take that understanding further with your vendors, in contract renewal negotiations.

Self Certification A simple, smart and effective way for your users to confirm the services you need to retain and those which you can safely cancel or reallocate – making significant savings in the process. And by checking the box next to each service option, users understand exactly the market data costs for which they can expect to be charged.

Netting Rules and MISU Netting rules are the business policies built into MDM, which allow certain combinations of exchange permissions to be set as free of charge. Typically, this refers to when Level 1 of an exchange is included in Level 2 data.

Multiple Instance Single User (MISU) reports can also be generated for vendors, including NYSE, AMEX and OPRA. As exchanges shift towards MISU and/or netting, scheduled upgrades include the relevant changes.

Proactive Inventory Management Schedule alarms for important events, such as approaching contract renewal dates or overdue vendor invoices. Reports can be scheduled and automatically generated to show potential saving opportunities in your data, based on any recent changes to your inventory.

Business Process Automation All market data managers want to minimise the time and effort they spend on routine administration. MDSL Market Data Manager contains a number of interfaces to streamline and automate the process, including DACS, Bloomberg SID, FactSet, ILX and other general purpose entitlement interfaces. Other reporting interfaces cover MISU and eDAD.

Reporting Tools Provide comprehensive reports to your business cost centres, down to the most detailed level. Market Data Manager maintains a complete history, so you can readily compare costs over time, track spend against budgets, spot trends and forecast budgets.

“Active Dashboards” Market Data Manager’s user-customisable “Active Dashboards” display a comprehensive range of market data usage and cost-related reports in easy-to-understand, easily modifiable form.

International Functionality Market Data Manager accepts data from multiple vendors and in multiple currencies, to give a truly global solution. At the same time, you can configure it to show only local data in each region, to support flexible user roles and rights in each country.

Key Benefits

Cost Saving and Optimisation Market data managers are constantly looking for ways to optimise services and minimise spend. You can’t reduce costs by indiscriminately cutting those services but, with Market Data Manager, you’ll be best-placed to spot any areas of duplication or under-usage, and intervene in a timely manner to prevent wastage.

Increased Control A detailed, global, up-to-date and easy-to-maintain inventory of your contracts, service costs and commitments puts you in control of your data. For example: Market Data Manager automatically warns you of approaching critical contract dates and identifies potential savings opportunities via email and scheduled reports, freeing you to focus on other tasks.

Invoice Reconciliation Market Data Manager details your market data inventory with unrivalled granularity, giving you the power to anticipate, compare and reconcile invoices in the most efficient manner possible. Timely and accurate payments assist cash-flow and avoid financial penalties or other administrative burdens.

Multiple Instance Single User (MISU) reports can also be generated for vendors, including NYSE, AMEX and OPRA. As exchanges shift towards MISU and/or netting, scheduled upgrades include the relevant changes.

Compliance Producing timely and accurate reports to stock exchanges helps avoid costly penalties, and more. If an exchange audit is applied on your organisation today, can you justify not having a recognised tool in place, to manage the process?

Business Insight Market Data Manager gives you the tools you need to provide management with clear, informative reports and graphical dashboards, for a clear insight into the business both now and into the future.

Internal Accountability and ROI Market Data Manager’s detailed history function makes it straightforward to demonstrate the efficiencies you’ve introduced and the savings you’ve generated - making it easy, in turn, for you to show a clear return on your investment.

Global Capability Market Data Manager’s global capability brings immediate, tangible benefits through economies of scale and the advantages of having a single, consistent system and interface deployed across all regions..

is the only provider with the skills, software solutions and services you need to see the full picture, solve the puzzle and manage your market data in the most effective way.

But even with the picture clear and the way forward apparent, depending on the asset classes you trade there are a number of administrative regulations, exchange rules and reporting requirements you will need to meet – all of which change regularly.

As a vendor-independent specialist, MDSL maintains its own in-house team of dedicated development experts, who work continuously to keep our Market Data Manager product portfolio in synch with these ever-changing regulatory requirements.

Product/Service details

Geographic Availability
Africa, Asia-Pacific, Europe, Middle East, North America, South America
Asset Class Coverage
Bonds, Commodities & Energy, Equities, Foreign Exchange (FX), Funds, Futures, Options and other Derivatives, Money Markets, Structured Products