Market Data Compliance Assessment
Services for Banks, Brokers, Investment Managers, Hedge Funds
As the use of market data feed products and custom software applications consuming market data has increased, so has the need of consumer firms to control and report market data usage. Jordan & Jordan's Market Data group provides industry-leading expertise to market data consumer firms with a requirement to understand how market data is used and reported by their organizations. Our compliance assessment team will
- Analyze existing inventory management and reporting processes
- Analyze and document applications consuming market data
- Identify reporting gaps and potential compliance issues
- Recommend remediation steps to resolve potential compliance issues
Representative Engagement for a Global Investment Bank:
- Validated an annual multi-million dollar under-reporting liability
- Developed and implemented global application reporting processes to correct systematic underreporting
- Provided strategic and policy guidance for remediation of applications not complying with exchange contractual and policy requirements
- Developed and implemented process controls to eliminate the possibility for recurrence of systematic under-reporting
- Assisted in developing a pro-active strategy to approach exchanges for liability settlements
- Assisted in preparing for exchange audits, including presenting client's compliance, control and reporting processes to exchange auditors