OUR SERVICES
At MDMS, we provide a full range of services crafted to streamline your data management and boost your operational efficiency. Whether it's managing vendors, reducing costs, or expertly handling exchange offerings and audits, our goal is to refine every facet of your data operations. Our tailored approach not only lowers your expenses and reduces compliance risks but also enhances your overall experience. With our extensive industry expertise and strategic insights, we deliver exceptional results that give you a distinct competitive edge.
Quote Meter AuditS
Audits We Cover
MDMS is well-versed in conducting audits for both exchange quote meters and MISU policies. Recognizing the complexity and specificity of these audits, we handle all aspects of the process to relieve you of any associated stress. Our team ensures that you adhere to the detailed and rigorous policies set by the exchanges, allowing you to stay compliant without the hassle.
Cost Assessment
Cost Assessment Process
Our cost assessment involves a thorough evaluation of your current market data expenditures to identify potential areas for savings and optimization. Our goal is to ensure you achieve maximum value from your market data investments while minimizing unnecessary expenses. For that reason, we will come in and do the following:
Cost Reduction
Market Data is typically a top 5 spend at any firm. MDMS provides a service to review your use of data, current contract terms and alternative vendors all designed to reduce costs. We typically save our clients 20% or greater within the first 12 to 18 months of the engagement. Smaller 3 month assessment packages are also available.
Market Data Offerings
Vendor Management
The MDMS Vendor Management service enhances our client's ability to control cost, manage risk, maintain a professional relationship and ensure dependable delivery of service. Our interaction with many of the vendors in the market data space allow us to not be tied to any one vendor management tool. It is our experience that adds value to our clients, not the technology.
Contract Inventory Management
Creation of a database to provide visibility into the cost and key terms and conditions is critical to any client who purchases large amounts of market data. If this does not exist at your firm, MDMS will partner with Accounting, Legal and the vendors themselves to centralize all key contract data into a searchable database. Already have a tool? MDMS can manage the data content going forward.
Exchange Offerings
Market Data Compliance
Exchange and vendor audits are inconvenient, inevitable, and expensive. You can rely on our expertise to reduce your fee liabilities and get you into compliance. We have 20 years experience interpreting exchange policy that adds a level of protection to our clients during and after an audit.
Nonprofessional Subscriber Verification
Companies redistributing exchange data to retail or nonprofessional subscribers have an obligation to ensure these subscribers qualify as nonprofessionals. The MDMS service uses a combination of automated and manual reviews to fulfill this requirement.
Reporting
Our comprehensive exchange reporting services are designed to ensure seamless interaction with market exchanges. As your dedicated exchange liaison, we handle all aspects of exchange documentation, ensuring timely and accurate filing of all necessary paperwork. We also oversee exchange reporting, ensuring that all reports are accurate and submitted promptly. With our meticulous approach, we guarantee that all reports are accurately delivered to the exchanges, maintaining compliance and facilitating smooth operational processes.
Audit Defense
When an audit inevitably arises, MDMS is here to provide expert representation and support. Drawing on our extensive experience, we offer comprehensive assistance throughout the audit process, ensuring you are well-prepared and effectively managed. Our team can gather benchmarks from other clients and provide valuable insights into an exchange’s practices and dispositions. This expertise not only helps in navigating the audit with greater ease but also positions you to achieve the best possible outcomes. With MDMS on your side, you can approach audits with confidence, knowing you have a knowledgeable partner to guide you through every step.