ACM helps your firm automate the management of application compliance reviews. Be better prepared for audits from the data providers
All too often the management of market data application compliance reviews is a time consuming, ad hoc, manual process which requires a lot of work, particularly to match responses to your inventory.
Application Compliance Manager (ACM) is a new module in the MDSL product suite which integrates with Market Data Manager (MDM) to bring efficiency to the issuance, completion and management of market data compliance surveys. We have a standard set of customizable questionnaires which can be emailed out, in bulk if necessary, to nominated application owners.
The owners simply follow email links to the surveys that feature questions driven by your inventory data (for example, vendor names, services, users, install locations, business lines etc.). Application owners can attach supporting files and can pass the questionnaires onto other users if needed. Once completed, submission of the questionnaire passes it to a designated Administrator for review. You can schedule recurrences of the questionnaires for annual reviews to ensure continued compliance. ACM also features a customizable reporting model and web dashboards allowing you to create reports to assist with your compliance management and to prepare for vendor audits.
The Compliance Manager features a questionnaire engine which can also be used for additional use-cases such as reviewing Commission Sharing Agreements (CSA), Business Continuity planning, data security policies, contract renewals and more.
Current and historical reporting
Reviews of existing applications
New application assessments