Client Success Story: ADS - Declaration Service

Reporting 📊

MiFID II industry regulations stated as part of the directive that exchanges must give firms the option to report based on the natural user basis.

The regulations associated with such netting programs can have complex rules and pricing structures, and usually involve a direct reporting methodology for each exchange, increasing the administrative overload on firms.

For example, Deutsche Boerse and Bolsas Y Mercados Espanoles (BME) employ a per access charge and an elevated per user charge, meaning a cost benefit analysis must be undertaken to analyse if it’s worthwhile for the firm to move to the natural person model.

ADS can perform this on behalf of the client and continually monitor on an ongoing basis if it is financially favourable.

“MiFID II industry regulations stated as part of the directive that exchanges must give firms the option to report based on the natural user basis.”

Why do our clients invest in ADS? 🚀

ADS provides a streamlined process that eliminates the time-consuming elements of preparing exchange and vendor declarations, enabling the client to focus on other important company-wide goals.

This systematic approach improves data accuracy by removing repetitive manual processes, while leaving the client in control of the workflow and approvals.

ADS provides an independent external resource to interpret exchange policies and assist in reducing and controlling market data costs, giving our clients greater confidence when it comes to compliance and audits.

“ADS provides a streamlined process that eliminates the time-consuming elements of preparing exchange and vendor declarations, enabling the client to focus on other important company-wide goals”

Client Endorsements ✅

What were the main drivers for moving to our managed service?

“Automation and Skillset were the two main drivers. Before moving to Axon’s managed service our reporting process was very labour heavy and internally, we simply did not have the skillset to automate the process. This meant hours were wasted manually submitting the exchange/vendor reports.”

What is the key value add?

“Firstly, time saving was a key value add when moving to a managed service. The team are no longer focused on low value, time-consuming manual work. Secondly, the savings created through netting were not achieved until we moved to a managed service.”

What do you like most about our managed service?

“Axon’s knowledge of our accounts and reporting helps with quick responses regarding any of our billing issues.”

Ready to Optimize your Market Data Usage Reporting? 👇