| MDI works directly with your vendors to audit
your market data environment before implementing
Insite 3000. Every cost is accounted for and allocated
to the appropriate user or cost center for
effective corporate expense management. During this
process client’s will generally identify savings
of 5%-15% of their total market data spend. |
Insite 3000 automates market data records for
inventory control, provides contract management
solutions, workflow,
invoice reconciliation, reporting and compliance.
It reduces the manual burden and helps automate
the repetitive billing and invoice cycle for market
data services by making monthly, quarterly and yearly
billing and reconciliation more efficient and timely. Insite 3000 helps firms identify and eliminate excessive
duplicate market data purchases, associates market
data to specific users, and compares various market
data suppliers’ expenses for cost justification
purposes. In support of Insite 3000, MDI provides
analytical services of clients’ market data
functions to eliminate inefficiencies helping to
rationalize market data costs. |
MDI’s continues to help you maintain your
market data moves, adds, and changes, reconcile
invoices, and file for exchange refunds. One client
receives savings of $200,000 each year with MDI’s
MISU reporting. The reports that Insite 3000 produces enable you to make decisions that result in economies in spending. Branch managers and head traders will use Insite 3000 to instantly identify each user’s “total market data cost per seat” to justify market data costs and realize total cost transparency. |