CJC And Broadhead Launch DRDM – Market Data Digital Contracts - Blockchain-Powered DRDM To Transform Digital Rights Management

In a major step forward for market data contract management, in collaboration with Broadhead Technologies, CJC is proud to announce the official launch of DRDM (Digital Rights for Data Management)—a groundbreaking platform powered by blockchain distributed ledger technology (DLT) to transform how financial institutions manage digital rights, ensure compliance, and optimise their revenue streams.

DRDM is supported by a custom-made DLT foundation, delivering real-time data tracking, intelligent automation and full transparency. The digital contract solution helps exchanges, data providers, and asset managers streamline operations as the regulatory landscape evolves, including incoming 2026 MiFIR requirements¹.

Learn More About DRDM: https://cjcit.com/services/commercial-management/digital-market-data-contracts/?utm_source=CJC&utm_medium=PR

Soft-launched during WFIC2024, DRDM has garnered strong interest across the financial sector, with industry participants recognising its ability to streamline operations, improve compliance, and unlock new revenue opportunities. The platform is designed around four key capabilities that address the most pressing challenges in market data management:

1. Digital Contracts: Dynamic, code-based contracts that replace static documents, enabling real-time tracking, automated updates, and seamless integration with internal and client systems.
2. Automated Declarations: Streamlined market data usage reporting that reduces audit risks, ensures compliance with licensing agreements and improves revenue assurance—all fully aligned with regulatory frameworks like MiFIR.
3. Workflow Efficiencies: Critical business process automation—including client onboarding, KYC checks, and contract approvals— accelerating operations and reducing manual, resource-consuming workloads.
4. Intelligent Sales: AI-powered analytics to identify new revenue opportunities, predict client needs, and automate sales outreach to shorten sales cycles and improve customer engagement.

As regulatory scrutiny increases, European Securities and Markets Authority’s (ESMA) MiFIR requirements for example, financial institutions must ensure compliance, transparency, and fair pricing in market data usage—without the burden of manual audits.

Alan Ross, Chief Executive Officer at Broadhead Technologies, said, "DRDM’s launch is a game-changer in market data contract management. With evolving regulations like ESMA under MiFIR, exchanges face mounting pressure to ensure compliance without complex manual audits. DRDM’s DLT-based Digital Contract Network provides a real-time, tamper-proof compliance framework, helping exchanges meet stringent regulatory requirements while reducing costs and boosting efficiency. DRDM enables streamlined operations, greater transparency, and new revenue opportunities.” From the financial firm’s perspective, Alan said “DRDM represents a step-change for organisations grappling with the complexities of market data management. Facing increasing compliance and operational efficiency pressure, DRDM is a future-proof solution that simplifies processes while maximising revenue potential.”

Paul Gow, Chief Executive Officer at CJC, adds “Firms are embracing DRDM because the underlying DLT approach is multi-industry tested and transforms market data contracts into a truly digital and auditable format. The industry needs forward-looking solutions, built to meet tomorrow’s market demands, and DRDM delivers just that – making complex processes simple, transparent, and efficient.”