Xenomorph’s Market Data Commercial Reporting module enables firms to track data usage by user, system and department, and assists with the reduction of unused data to drive down operational costs.
For many years the Xenomorph data management platform has had the ability to monitor and control the flow of market data, from its entry into the system to its distribution to downstream consumers. More recently this functionality has been used to support reporting on regulatory challenges such as BCBS 239, FRTB, and MIFID.
The monitoring has now been extended to produce a new Market Data Commercial Reporting module for the Xenomorph data management platform.
Xenomorph Market Data Commercial Reporting provides a range of user-friendly, dynamic views that enable market data commercial managers and systems administrators to understand what data is being consumed by the Xenomorph platform, and where the data is being distributed.
As a result of this analysis clients can review, understand, attribute per consumer, and optimise their market data consumption, resulting in greater efficiencies and reduced costs for the organisation.
Market Data Commercial Reporting Benefits
- Tracks market data usage by user, system and department
- Enables reduction of unused data to drive down operational costs
- Drives efficiency through understanding of market data requests across vendors
- Integration with clients’ user data enables cost-centre allocation of expense