Market Data Administration
Expertise in market data administration is an Axiom specialty. We analyze all your current market data against what you need to support the trading floor. We then provide business process re-engineering and process control to create a highly cost effective management solution for all elements of Market Data Administration. These solutions can be fully outsourced or supplemental to your existing structure.
On -site co-sourced support
As experts in market data administration, Axiom has the skills and resources available to support any client’s needs when it comes to managing inventory systems, inputting data and generating reports. We provide the option of an independent, co-sourced staff to work closely with your company.
Cost control and Process Control
Market Data is a core cost that every financial firm watches carefully. To effectively control this cost, processes used for procurement and inventory control are crucial. Axiom understands how to control this process to effectively control the cost. Optimization studies usually provide a short burst of savings but spending levels will return or actually increase without controls put into place. Axiom process control will contain the cost while recommending the best process.
Managing the client-vendor relationship is a solution offered as part of our Managed Services. Axiom provides the benefit of a third party objectivity and neutrality. We have no alliances with the vendor community but experience dealing with most. With our neutral objectivity, we review the Service Level Agreements and compliance requirements before recommending negotiation strategies that will assure the best value for the investment.
Comprehensive contract review and ongoing contract management is another solution Axiom offers. This can be part of our Fully Managed or Stand-Alone Services. We evaluate the existing market data contracts, assure compliance and evaluate terms to make sure you are getting the best terms while avoiding out of compliance fines or charges. This ongoing management procedure provides early recognition of expiring contracts and opportunities for savings
Negotiating contracts is another solution Axiom offers. This can be part of our Fully Managed or Stand-Alone Services. We evaluate the existing market data contracts and negotiate directly with vendors to ensure the best terms and prices.