Market Data Management Challenges

Compliance Impact on Data Governance

Data usage rights are a major compliance risk that present economic and reputational risks.

Managing Material Costs

Market data is a significant bottom line cost, $32bn in 2019 Global aggregate spend + rising

Managing 1,000s of Vendors

Market data teams are already stretched by tracking renewals, invoicing, usage, requests, due diligence, etc., on top of tracking the myriad of emerging fintech

Rapidly Changing Technology

Leveraging bleeding edge technology, VendEx Solutions serves today’s market data teams’ complex needs

Information Asymmetry Challenges

A lack of centralized communications for vendors creates information gaps for their clients

The VendEx Market Data Workflow

VPort  |  VSource  |  VKey  |  VReg  |  VLink  | VID

VendEx Solutions Market Data Workflow

The VendEx Solutions Suite

VendEx Solutions is the definitive centralized hub for the market data industry with a full suite of integrated tools that service both Financial Services Market Data/Vendor Managers and Financial Technology Vendors.

Financial Services Firms

  • VPort: Integrated Vendor Management Portal
    • Management dashboards for inventory, business line costs, compliance, and calendaring (contract duration, renewals, and auto-renewals)
  • VSource: Digital Vendor Services Directory
    • Rich sector directories, including ESG, Indexes, Energy, etc.
    • Dynamic, digital, flexible, and searchable database
  • VReg: Market Data Regulatory Mapping
    • Maps vendor services to specific regulatory articles
    • Dashboard display of vendor reliance and vendor exposure
    • Identify 3rd party risk in meeting discrete regulatory requirements

The VendEx Solutions Hub

  • VKey: Mapping and Digitizing Contracts (Financial Services & Vendors)
    • Documents mapped to Vendor Agreements
    • Manage contract renewals and terminations
    • Easily understand data usage rights per agreement
    • Quickly assess internal contract compliance and risk

Identifiers

  • VendEx Identifier:  VID
    • Alphanumeric code identifying all vendor services
    • Integrates with in-house/third-party systems
      • Catalogs, proposals, contracts, invoices
  • VendEx Usage Rights Code 
    • Code identifies data usage rights from exact contracted services
    • Enables self-service to immediately understand data usage rights

Vendor Companies

  • VLink: Market Data Customer Connection
    • Vendor contributed and authenticated data
    • Highlight capabilities and use cases
    • Mapping to regulatory articles
    • Announcements and alerts