Market Data Expert
– the benefits

Together with the advantages of the Market Data Manager (MDM) application itself, Market Data Expert (MDX) offers distinct benefits as an outsourced service:

• Operational cost savings: Rather than investing in the MDM software solution, together with the required training and administrative burden, you can turn on the MDX service with no upfront investment or expenditure, yet gain cost savings very quickly.
• Elimination of invoice errors: With many invoices from many different information sources, all based on different contract terms, errors such as double billing, continuation of cancelled services and incorrect service changes can be avoided completely.
• Savings in staff time: With MDX, you can remove dependence on administrative staff who typically have other duties and do not have the time to become fully versed in all the nuances of market data expense management.
• Easier administration: We will ensure required administrative tasks including reporting to vendors and exchanges, the processing of invoices, cost allocations and monthly management reporting are carried out accurately and on schedule.
• Accurate netting out of Exchange fees: By applying netting when you receive the same information exchanges via multiple vendors and taking advantage of the NYSE’s Multi Instance Single User (MISU) policy, we can ensure you save costs yet access the maximum amount of information. The methodology MDSL uses to generate MISU reports has been reviewed with the New York Stock Exchange and is built to be consistent with all aspects of the exchange's policy.
• Ongoing cost savings: As part of the MDX service, we will actively seek further opportunities to reduce costs through actions such as consolidating accounts to benefit from tiered vendor and exchange pricing; identifying duplicate or unused services; and tracking contract renewal dates for Bloomberg terminals and other services.

Discover the key features of Market Data Expert here »