Compliance Audits

Exchanges

NYSE

Nasdaq

OPRA

CME

TMX 

OTC Markets

LSE

Duetsche Boerse

Are you adhering to your contractual commitments?  Do you know all of the details of your vendor agreement? Are you able to verify non-pro subscribers? Do you have Non-Display usage? Reporting properly? 

 

MDMS will keep you in compliance and get you out of trouble if you are not.  —

Internal Audit/Assessment

Abu Dhabi Securities Exchange 

Athens Stock Exchange 

Australian Stock Exchange

Budapest Stock Exchange 

Canadian Securities Exchange

Egyptian Stock Exchange

Hong Kong Stock Exchange

Indonesia Stock Exchange

Irish Stock Exchange 

Istanbul Exchange 

Johannesburg Stock Exchange 

Korean Stock Exchange 

Meff Renta Variable Exchange 

Mexican Stock Exchange

Moscow Futures and Options 

National Stock Exchange of India

Nagoya Stock Exchange

NEO

Osaka Exchange 

Pakistan Stock Exchange 

Philippine Stock Exchange 

Prague Stock Exchange 

Qatar Exchange 

Saudi Stock Exchange 

Shanghai Stock Exchange

Singapore Stock Exchange 

Stock Exchange of Thailand 

Taiwan Futures Exchange 

Tel Aviv Stock Exchange 

Tokyo Stock Exchange 

Vienna Stock Exchange 

Warsaw Stock Exchange 

We perform internal audits to ensure that you are adhering to your contractual commitments.  We identify areas where your firm is not compliant with the T’s & C’s of both vendor and exchange agreements. Violating data usage agreements can be quite expensive to rectify due to penalties and other fees. 

You receive a report identifying areas of non-compliance. It is much better to approach a vendor or exchange with a non-compliance issue than to have the vendor or exchange find out through an audit that they conduct. We also perform audits for usage reporting, including quote counting utilities.

Market Data Vendor of Record Audits

It’s not if you will be audited, it’s when and when that time comes, you can
rely on our experience and expertise in representing or assisting during an audit. We can gather benchmarks from other clients and provide insights into an exchange’s dispositions. The audit process typically goes on for months at a time. Our staff stays on top of the process while you focus on growing your business.

 

MDMS handles the preparation, remote/onsite review with auditors and post audit negotiations.

Preparation: we will work with your team to aggregate the required data and reports that will be needed during an audit.  We will respond to any questionnaires or pre audit requests from the exchanges.  and finally, we will conduct an internal audit similar to the one you will experience with the exchange or vendor to identify any potential issues.  We will recommend both process and technology solutions to solve your issues.

Remote/Onsite Review: We will manage all interaction with the audit team.  This includes organizing demos, reviews data, discussing workflow and presenting data.

 

Post Audit Negotiations: We will lead any discussions around fee liability resulting from any noncompliance identified during the audit.  We conduct these negotiations with the utmost professionalism.  MDMS has built a reputation of fairness with the exchanges resulting in all parties settling their disputes in an a way to allow for future business to be conducted in a non-adversarial manner. 

Audit Support

We Take The Stress of Audits Away From You

Our team has a proven track record of reducing your workload and producing favorable results

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MDMS Corp

369 Lexington Ave, New York, NY 10016

646-556-6623

© 2020 by Market Data Management Solutions