Cost Reduction

The MDMS Approach

We will take a phased approach at performing an evaluation of the market data spending at your firm.  We will make recommendations as to where specific savings can be achieved. 

 

Our implementation model includes the requirement of having one key liaison contact at your firm for the purposes of resolving questions quickly so as to not impact the overall timeliness of completing the evaluation.

Phase I – Information Gathering – We will gather data, through interviews of key personnel, or by requesting the information from a firm liaison, in order to capture the following data points:

 

Phase II – Analysis of Data – We will use our experience to analyze the data that is collected and compare that to standards and norms that we have identified at other financial services firms.  We will identify redundancies, gaps, and other anomalies, especially for non-real time data.  We will identify other targeted opportunities for cost savings.  If permission is given by your firm’s management, we would also like to interview business users, support personnel, developers, and finance professionals, as needed, in order to validate our analysis.

 

Phase III – Development of Recommendations – We will construct a final report that summarizes our effort which includes the data that we have gathered, our analysis, and a list of our recommendations with estimated savings that can be achieved through their implementation.  The following list of items will be addressed during this phase of the project:

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MDMS Corp

369 Lexington Ave, New York, NY 10016

646-556-6623

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