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8 Ways to Improve your Market Data Compliance with PEAR

Since the launch of PEAR (Policies, Explanations, Analytics, Repository) in 2014 the product has evolved significantly, hitting a milestone in functionality and exchange coverage. PEAR consolidates exchange information, which includes policies and pricing, into a searchable online database – covering over 250 markets and monitoring over 650 documents & exchange notices daily.

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8 reasons why 500+ market data professionals use PEAR...

Axon’s PEAR is an industry leading exchange compliance database with PEAR clients having access to information around exchange products, including the fees for accessing & distributing data, as well as understanding how to use the data compliantly – making PEAR an invaluable tool for any market data team, here is why...

1) PEAR can cost 'What IF' scenarios

When approached with a set of business or trading requirements for a new application, ‘What If’ will generate the market data fees and licensing requirements, quickly and efficiently, based on the current exchange policies.

Building your scenario is easy with PEAR, a few clicks to select the markets, product levels and some information on how the data is to be used. This returns all fees and required licences, highlighting those your organisation already holds. Thus, reducing hours of work, to minutes

2) Searchable information using vendor codes

Axon overlays the exchange agreements, pricing and policies with meta data and a standardised database schema. Users can search across their list of exchanges for particular areas of policy. Traders and developers commonly use PDPs, EIDs or MICs when referring to market data products. This information is captured in PEAR alongside product names to help assist in finding the associated policies, licenses and costs.

3) Standardized terminology 

PEAR provides standardisation and consistency across all markets, including standardised terms for policies like the Unit of Count, for both display and non-display. These provide clarity within the area of market data usage reporting. Unit of Count policy is available across all exchanges in PEAR, to help understand what should be counted, to ensure reporting is correct, whilst at the same time identifying areas where savings can be made.

4) Includes product & licence hierarchy structures

PEAR’s unique hierarchy structure reflects the parent/child relationships between the licenses and products across all markets. This is especially important when running reports across multiple exchanges, or when building out a scenario in "What If", to ensure an accurate representation of the costs associated, and the licenses required.

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5) Contains historical exchange information

PEAR maintains a history of exchange fees, policy documents, and everything in between, so you can find them all in one place when needed. Making an audit that little bit easier!

6) Includes details of exchange announcements & upcoming changes

Email notifications and the PEAR Announcements feature highlight any upcoming exchange changes, providing information on the fees, and any policy directly affected, so these can be actioned as part of your workflow. Announcements can be filtered based on particular exchanges, policy types or by specifying a date range, to ensure nothing gets missed.

7) 'comPEAR' feature 

'comPEAR' provides users with the ability to relate older versions of agreements with their more recent iterations. This functionality provides clear and simple visual comparisons of previous exchange documents side-by-side with current ones and highlights the changes between them in seconds.

8) Vendor Data Notifications (DNs) for Refinitiv & Bloomberg

Up-to-date Bloomberg and Refinitiv DNs are stored in PEAR for customisable queries, personalised workflow and links to associated exchange policies and announcements. This functionality gives PEAR users the ability to centrally manage vendor data notifications, making the process more efficient.

Want to learn more on how PEAR can add value to your business?

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