Market Data Reporting (MDR)
Jordan & Jordan’s MDR managed services solution provides reporting and related services to ensure compliance with licensing, provisioning, distribution and reporting policies. The MDR solution allows you to leverage Jordan & Jordan’s extensive market data industry knowledge to assist with the following:
Exchange and Vendor Reporting
- Perform exchange and third party market data reporting for global exchanges on behalf of clients
- Report usage for global exchanges to respective exchanges and third parties based on applicable reporting policies including netting and role-based waivers
Multiple Instance Single User (MISU) Credits
- Ensure applicable MISU agreements are in place and fully utilized
- Create monthly MISU reports for filing with exchanges to receive credits for users who access exchange data on multiple devices
- Work with firms to assist in obtaining MISU credits for exchanges by providing requirements for corrective action for any accuracy of inventory data issues
- Perform monthly MISU analysis of user and cost savings
Audit and Compliance Support
- Assist with exchange and vendor audits
- Provide monthly break reports identifying any changes compared to previous month’s reportable counts
- Advise firms on new or updated exchange policies and licensing requirements
- Identify cost savings opportunities through Jordan & Jordan’s wide-ranging understanding of exchange policies
- Perform annual application compliance assessments
Other Services
- Provide on-going maintenance of data use policies, regulations and prices for exchanges used by clients
- Ensure necessary contracts are in place with exchanges and notify firm of contractual updates or additional licensing requirements
- Assistance with completing new exchange licensing documentation
- Access to Jordan & Jordan’s proprietary Exchange Policy Guide
- Access to Jordan & Jordan’s market data Compliance Computer-Based Training