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MDSL’s MDX Usage Reporting solutions on display at Frankfurt Financial Information Summit

by david.nunes

MDSL’s MDX Usage Reporting solutions on display at Frankfurt Financial Information Summit


New RPM Workflow Optimisation module and MDX Usage Reporting suite will be on show

September 27th 2012 – London, New York, Paris, Tokyo, Gothenburg and Hong Kong – MDSL, the leading provider of international Market Data Management (MDM) and Telecom Expense Management (TEM) solutions today announced its sponsorship of this year’s Frankfurt Financial Information Summit, 29-30 October.  At FRAFIS this year, MDSL will be demonstrating its new suite of Market Data eXpert (MDX) Usage Reporting solutions and the latest version of its RPM Workflow Optimisation module .


As the cost of market data services such as Bloomberg, Reuters, Markit and others is still rising steeply and the international economic situation remains turbulent, it has never been more important for financial organisations to ensure they are managing their market data services as efficiently as possible while complying with increasing regulation.


MDSL’s RPM module and MDX suite of Usage Reporting solutions have been designed specifically to process access requests, consolidate and report on usage information in an easily-accessible format and allow managers to monitor, carry out detailed analysis and reduce costs.


Ben Mendoza, CEO of MDSL, commented: “The new features we have built in make MDSL’s solutions ‘must haves’. The client just needs to give MDSL permission to collect or access the usage data and then sit back while we do the work. The value of the MDX Usage Reporting service derives from the different options available to you once you understand how the different products and services are being utilised or – in some cases – not being used. The service takes care of collating the vast volumes of usage data for you, while MDSL’s reporting experts prepare and transform the data into a catalogue of useful and actionable reports every month, building up a clear picture of usage and trends”.

He added: “Usage is now the main focus of any cost analysis – just consider how irrelevant a ‘user access count’ is for a third party, web-based service on its own, without any monthly access usage data. There is often a significant difference between the number of accesses for which you pay, and those you regularly use.


“MDSL’s new MDX Usage Reporting solution is invaluable for Compliance and Business Managers alike because each month you build up an historic picture of your actual usage: with the new MIFID 2 regulations now requiring firms to show evidence of activities across a whole range of asset classes, the MDX Usage Reports will become indispensable. They give market data managers everywhere the tools to maximise the benefit they derive from their different services, maintaining compliance while eradicating wastage and minimising costs.”


The Frankfurt Financial Information Summit is hosted by Inside Market Data and Inside Reference Data for the second time. This annual Summit brings together the industry’s leading market and reference data executives to discuss the latest strategies to help stay ahead of the business, regulatory and technology challenges facing them. It is being held in Germany for the first time.

Visitors wishing to register should visit http://www.financialinformationsummit.com/frankfurt


About MDSL


MDSL is the market leader in international Market Data Management (MDM) and Telecom Expense Management (TEM) solutions, with offices in New York, London, Paris, Gothenburg, Tokyo and Hong Kong.


Established in 1995, MDSL’s award-winning solutions assist enterprises around the world to manage their market data and communication costs more efficiently, and achieve significant cost savings on a global scale. With a range of software and services covering the full life cycle, from procurement to invoice reconciliation, MDSL currently manages over $6.5 billion of technology expenses annually. More than 150 customers in over 34 countries trust the company’s solutions to deliver tangible and measurable benefits to their bottom line.


MDSL carries ISO 27001, ISO 9001 and Safe Harbor certification, and is a member of the Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA). The company is ranked in the Top-25 UK businesses in the Sunday Times International Track-100 list, as well as featuring in the Sunday Times Tech Track 100 list. MDSL was recently voted “Best Supporting Services Provider” in the Inside Market Data Awards.



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