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.

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.

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 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.

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.

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.

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

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

MDM 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.