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
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
- Powerful and flexible vendor management dashboard
- Analyze and manage vendor costs globally, locally or by department
- Track assigned/unassigned licenses to optimize usage
- Create RFIs/RFPs and manage vendor selection process
- Direct Invoicing
- VSource: Definitive Vendor Services Directory
- Definitive catalogue of vendor products and services
- Find fintech vendors who meet your requirements
- Research and compare fintech vendor capabilities
- VReg: Market Data Regulatory Mapping
- Map existing and pending regulatory articles to vendor services
- Understand Vendor reliance
- Provide insight to new Regulations
The VendEx Solutions Hub
- VKey: Mapping and Digitizing Contracts (Financial Services & Vendors)
- Extract key vendor contract terms leveraging AI technology with human understanding
- Instantly search key data usage terms and conditions
Identifiers
- VID-S: Vendor Services Identifying Code
- Proprietary patent-pending taxonomy for categorizing vendors’ products and services
- VID-C: Contract Terms Identifying Code
- Proprietary patent pending alpha-numeric taxonomy
Vendor Companies
- VLink: Market Data Customer Connection
- Vendor Pages
- Company Overview
- Information on all products and services
- Client communication
- New Products
- End of Life
- Corporate actions
- Authentication of services
- Expedited onboarding/Due Diligence
- Instant RFP access
- Direct Invoicing
- Align services with regional regulations
- Vendor Pages