CODiE Awards 2022: Business Compliance Solution – Axon Market Data Compliance Platform
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Write up
Many firms struggle with the ever-increasing complexity and variety of stock exchange policies and administration requirements. Our technology platform is disrupting market data management practices with its automated processes designed by industry-leading experts with a focus on automating compliance, reporting and policy management. The platform consists of PEAR, ACT, ADS and ACR, which provide a consolidated approach to market data management – driving efficiency and productivity.
PEAR is at the core of our Compliance Platform
At the core of the Platform is our Knowledgebase - PEAR (Policies, Explanations, Analytics, Repository). PEAR is an industry leading exchange compliance database that provides a consolidated view of the latest stock exchange information, including policies and pricing in a searchable online database – an invaluable tool for any market data team. Users benefit from:
- Full policy & pricing history
- Global exchange coverage
- Cost-saving policies highlighted
PEAR integrates with Optimize Spend – TRG Screen’s enterprise spend management platform to optimize market data and other information service subscription spend – to help clients with exchange data subscriptions stay in compliance with their obligations and ensure they are managing their costs correctly.
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Application Compliance Tool (ACT)
Our Application Compliance Tool (ACT) is a fully customizable application workflow tool for managing the recertification and onboarding process of proprietary market data applications. ACT provides a clear and dynamic view of the exchange compliance obligations for all your firms applications. ACT provides a systematic approach where you can create a bespoke online questionnaire to consolidate your organization’s application usage — incorporating automated scheduling and reminder emails — allowing you to consolidate all your application usage data. This removes the stress normally associated with compliance audit preparations. Users benefit from:
- Identifies licensing requirements based upon application market data usage
- Identifies market data pricing & policy changes
- Provides a customizable view of announcements
With ACT leveraging our exchange compliance database PEAR, it helps you to identify licensing and policy requirements — essential for achieving the most accurate reporting results.
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Axon Declaration Service (ADS)
The Axon Declaration Service (ADS) provides an outsourced solution for the exchange and vendor reporting process. The ADS solution takes care of the time-consuming elements of preparing exchange and vendor declaration through the implementation of comprehensive, client-specific rule sets. Clients benefit from:- Ongoing management of exchange & client specific rules
- Audit-friendly reports ensuring compliance
- Maximizes the benefits of netting programs & fee waivers
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Axon Compliance Review (ACR)
Supported by the content from PEAR, the Axon Compliance Review (ACR) offers complete transparency into your forms licensing and reporting requirements. ACR helps firms establish where they sit within the market data compliance spectrum, and makes recommendations for savings, efficiencies and process improvements. Clients benefit from:- Netting & other potential cost saving strategies
- Populates licences & apps in PEAR & ACT
- Complete view of their market data environment
