Market Data Optimization is time consuming
If you are a lean shop, you may have very limited resources to cover your existing setup, including IT, infrastructure and contracts. Market data optimisation is time consuming and requires expertise to dig through all the market data usage and check with your traders who needs what data, and for what purpose. Getting to grips with this can be a challenge that you simply don’t have the time, or the appetite, to take on.
Worry no more!
TRG Screen have a solution to solve this very problem for firms that need to manage their market data spend and avoid costly errors, while making the best use of the limited resources they have.
There is no competitive advantage for firms to examine the market data policies of over 250 venues, to learn what they can and can’t do with the data from specific exchanges, so we have done the work for you.
Do you have a market data team? or can you afford to spend some time getting your market data into shape?
PEAR is our industry-leading market data exchange policy database containing the market data rules for more than 250 venues summarised into plain English, rather than confusing legalese. PEAR can run comparison reports across multiple trading venues, to give a clear picture of your reporting and licensing obligations depending on your usage of data from the various exchanges.
When you expand into new markets, or consider building a new application, you can use the advanced ‘WhatIf’ scenario builder functionality in PEAR to see exactly which data licenses you would require, based on your specific use-case. You can also use PEAR to analyse your current entitlements and licensing, to confirm that you are not under, or over-reporting. This is a great tool for finding cost-efficiencies for your firm.
Still don't know where to start?
If you don’t know where to start with the data usage comparisons mentioned above, ACT provides bespoke application onboarding and recertification questionnaires for your data users, providing you with a consolidated view of where, what, and how data is being used within your applications. This enables you to validate the data that is being used by your applications. ACT also has the capability to allow firms to compare application use-case, to licences held, which highlights any gaps in your current data licencing, and generates a shopping list of required licences. ACT also now has all of the notifications that affect your apps from exchanges, Refinitiv and Bloomberg so these can all be viewed and filtered by those that affect your applications.
Need a complete review?
So, this all sounds great, but what if you are unsure of your firm’s data usage, what is being consumed, and how? It would take weeks of effort to gather that information, as you don’t necessarily have in-house expertise in understanding what it is you need to look for, or where to find it. ACR, our compliance review service is the perfect solution. We analyse your exchange licensing, reporting, entitlements and usage data, and perform a full audit to identify any gaps in licensing as well as any instances of over, or under-reporting. ACR (Compliance Review Service) helps firms optimise their data usage spend, and provides recommendations on how to improve market data management going forward.
Still don't have time for any of this?
If you would like this task taken off your hands completely, then ADS (Declaration Service) allows you to outsource all your market data reporting and compliance obligations to TRG Screen. You supply us with some information around the entitlements and usage of exchange data, and we do the rest. This includes taking advantage of netting policies and role-based exemption programs, to get you the best value for your expenditure. We manage your reporting based on your business rules, as well as those of the exchanges. As these rules change, we automatically apply the necessary amendments, keeping you compliant and ensuring cost optimisation.