Products
Managing Market Data: MarketDataInsite’s Spend Management Solutions
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.