As the world of market data becomes more complex, so too does the task of compliance with exchange policies and licensing agreements.
Arguably, no one knows more about the challenges faced by data managers, and the solutions on offer, than Aaron Garforth, Chief Content Officer at TRG Screen.
Overseeing the recertification and onboarding process of market data applications isn’t getting any easier. Financial firms continue to struggle with the time-consuming and repetitive manual processes associated such tasks. Do you need help managing your market data usage and staying compliant with exchange usage policies?
There are two common complaints by firms who are being audited by exchanges.
The first - audits are difficult to prepare for, and take up too much time.
The second - audits quite often result in an ‘audit finding’, or a hefty back payment charge, because the firm ‘did something wrong’ that was not clear to them from the exchange’s data usage policy.
2021 has begun and we have all just about recovered from exchange updates (but not the workload).
If one of your new year’s resolutions was to strike out on your own & maybe you’ve launched a new hedge fund. You may even currently be at a hedge fund but are planning to expand into new markets this year. Or perhaps you need to save money on your costs by trimming the fat. If it is the latter, then the best place to start is with your market data.
PEAR (Policies, Explanations, Analytics, Repository) helps 500+ market data professionals keep up to date with the latest exchange policy trends and interpretations by providing access to information around exchange products, including the fees for accessing & distributing data, as well as understanding how to use the data compliantly.
Since the launch of PEAR (Policies, Explanations, Analytics, Repository) in 2014 the product has evolved significantly, hitting a milestone in functionality and exchange coverage. PEAR consolidates exchange information, which includes policies and pricing, into a searchable online database – covering over 250 markets and monitoring over 650 documents & exchange notices daily.
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