The Exchange Audit Service leverages DataContent's unique market position to provide a comprehensive audit programme that focuses on the internal Data Management operations of third-party disseminating suppliers, in order to guarantee correct and efficient reporting.
Louise Leishman, Director, Consultancy Services, says, "Information exchanges should ideally perform semi-annual audits on all their market distributors to verify compliance of the reporting with the terms stipulated in the Dissemination Agreements signed with the vendors. Most importantly, the audits will also ensure that the correct amount of payments received from clients via the vendors is passed to the Exchange in the form of royalties".
Time constraints and lack of internal resources mean that Exchanges do not always conduct data audits as often as is desired. DataContent provides a fully managed professional audit service on behalf of the Exchange that will highlight any errors in reporting, payment discrepancies and non-compliance with the Dissemination Agreement.
DataContent Limited, a leading independent market data consultancy works with organisations to increase operational efficiency whilst reducing operational risk and expense, through their innovative service offerings, such as Bespoke Content Strategies, Data Management Outsourcing, Data Acquisition, Knowledge Management and Product Design & Marketing. DataContent boasts an impressive list of clients, including blue chip financial institutions, information providers and direct sources of market data.
"Whether you generate, sell, buy or consume information, DataContent has a solution for you", says Steve Allen, Global Head of Business Development at DataContent.
