Are you ready for SFTP?

When Bloomberg introduced the Data License service several years ago, access was done through FTP. Since then Bloomberg have extended the service to support more secure protocols such as HTTPS and SFTP. FTP is now considered a legacy, highly insecure transport protocol and the company has been urging its customers to migrate to the more secure SFTP protocol since March 2015.

Bloomberg have given clients time to consider the implications of moving internal systems to SFTP as such a move can be complex for larger customers with legacy internal systems. The deadline to migrate to SFTP is set to 31st March 2016.

Along with the migration to SFTP, Bloomberg are reinforcing account password strength by setting a minimum length of 16 characters on Bloomberg SFTP passwords. Previously passwords were 8 characters long. This can also have an impact on internal systems and clients must test to ensure their applications support this functionality.

XMon fully supports Bloomberg’s SFTP protocol and secure 16 character password length. This switch can be achieved in a few clicks: navigate to your defined Bloomberg FTP data source and select the protocol to SFTP, set the new password and server name (see screenshot) and all communication to Bloomberg will now done over SFTP.

Change XMon source to SFTP

Get in touch if you’d like to know more about the Bloomberg SFTP migration and how we can help with the transition.

Come and say hello: ALFI Luxembourg

The Association of the Luxembourg Fund Industry is the official representative body for the Luxembourg investment fund industry and was set up in November 1988 to promote its development.

 

We’ve been selected to present XMon in the Fintech Corner of the ALFI conference in Luxembourg next week.

Do drop by our stand at the entrance of the conference if you’re around!

Check us out here

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XMon Festive Update 2015

It’s been a very busy period here at XPansion. As we gear up for the festive season, we thought we’d mention a few highlights of the last few months:

 

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FIMA Europe

FIMA Europe                                                

FIMA is the ultimate event for CDOs and senior-level data professionals from global leading banks and asset management companies. We attended this year’s event in November and met with the industry’s top thought leaders and shared our vision on the architecture for market data usage analytics.

 

Improved Rule and Reporting Engines

Want to be able to control market data spend over weekends? No problem.

We’ve improved our rule engine and throttling rules can now be applied by day of week if needed.

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XMon rule applied by day of week

We’ve added new reports to our standard export templates and extended our analytics. For example, clients are now able to visualise data usage across the enterprise by time of day.

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XMon breakdown of data requests by time of day

API Integration

We’ve also greatly extended our REST API functionality over the last months and XMon now supports a range of integration capabilities into existing and legacy systems. In addition to advanced auditing of data requests, clients are now able to integrate real-time data usage analytics in their own dashboards and in-house systems. We will be releasing an OpenAPI early next year, so watch this space!

Season’s Greetings!

 Finally we would like to take this opportunity to thank our clients and business partners for a great 2015 and from all of us here at XPansion, we wish you a wonderful festive season and an amazing 2016!

Introducing Thomson Reuters DSS Support

Two weeks ago we released support for Thomson Reuters Data Scope select (TR DSS). With this module now in production, clients can track the consumption of static data from Thomson Reuters Data Scope Select.

Thomson Reuters Volume Based Costs

Unlike Bloomberg Data License where data is priced per-request, TRDSS pricing is based on pre-agreed ‘tranches’ per asset class/data type. This means that clients pre-agree volumes with Thomson Reuters and are billed a fixed monthly cost as long as consumption remains within agreed limits.

XMon and TRDSS

XMon provides the ability to have a real-time view on the agreed tranche utilisation. XMon can be configured to send alerts when a quota is reached (or nearly reached) so remedial action can be taken.

On top of this, XMon will identify data consumption patterns and identify optimisations that can be made to reduce tranche size and therefore help take decisions to reduce overall monthly data spend.

Dynamic Excel Dashboard

With the latest release, we also shipped to our customers an Excel dashboard which merges real-time metrics from XMon with Excel’s powerful charting and analysis functionality. On top of reports from XMon, clients can now generate and analyse data cost information, straight from Microsoft Excel.

XMon Excel Dashboard

The latest release of XMon increases our coverage of market data vendors as we aim to simplify and improve control over market data spending for our clients. Do reach out if you would like a live demo of the product or to speak to one of our experts.

Come say hello: AWS Re:Invent

We’ll be at AWS re:Invent on Thursday October 8th, 2015.

AWS re:Invent is a great place for us to connect with fellow developers, IT managers, and tech leaders who are delivering, scaling, and managing applications in the cloud.

 

We hope to see you there!

Come say hello: Misys Connect

We’ll be attending the Misys Connect event on Wednesday October 7th, 2015. MisysConnect

Misys Connect is a comprehensive suite of value-driven programmes that deepen the relationship between Misys and its clients.

More details of the event can be found on the Misys website here: http://www.misys.com/discover-misys/misys-connect/

This year’s event will take place at the Andaz Hotel in London.

We hope to see you there!

XPansion FTS Adds TR Monitoring to XMon Data Request, Cost Management Platform – WatersTechnology

Did your team inflate the data bill?

When management come inquiring about data bills, you need to have an answer. But if all you’ve got is an overview of your company’s aggregate data costs how can you tell for sure what was the impact of the teams, environments or systems you administer?

By splitting up data spending and slicing it into different segments of usage, XMon can help you determine precisely what each team, system or environment’s contribution to the cost is, and whether that usage was too high, lower than usual or as expected – Based on real data usage and in real-time.

Model your systems

Modelling your system landscape in XMon is straightforward, but it begins with understanding your business’s cost allocation methodology. Once this is established, use XMon to build a map of systems requesting static data with their corresponding data vendors, and assign tags to them based on how costs will be allocated internally.

Build your reportsstats

With the system landscape modelled and tags assigned, accessing detailed cost allocation information is just a click away. With XMon, you can re-generate vendor invoices, compare monthly spending, build cost allocation reports find top spenders and much more. So, when your bosses ask, you’ll have answers – but why wait for them to come to you? XMon reports can be scheduled and sent out on a regular basis to relevant people so that up-to-date information is always available, straight in their inbox.

Quantify your impact

Whether the data invoice has increased due to normal business growth, or whether you’ve made savings through internal optimizations or using the XMon Rule Engine, keeping stakeholders -and yourself- in the know about how data is being consumed is key to keeping market data spending under control. Get in touch to see the above in action or to request an XMon evaluation for your organization.

We’re in the final!

We’re greatly honoured to have been selected by WatersTechnology as finalists in their ‘Most Innovative Market Data Project’ 2015 category.

See all categories and the full list here:

http://events.insidemarketdata.com/awards/static/2015-finalists

 

Focus on analytics

We were at the Waters Technology Buy Side event last week where panels were focused on enterprise

analytics

data management and ways to empower decision makers by providing them with the tools and data they need to help them make informed decisions.

Decisions based on data are made in different areas of the business, from deciding on best recruitment profiles, to deciding on where best to invest and how. Decisions based on factual, timely data collected from internal and external systems and distilled into human digestible information was seen as paramount, a key differentiator and competitive advantage.

 Analytics provide evidence

The parallels with market data management are evident. Decisions on how to optimize costs, what systems to implement, where to invest and how to communicate with vendors are much easier to make when they are based on timely analytics. Analytics provide evidence that can be used to make informed decisions.

In this month’s release, our focus was to improve analytics provided by XMon by augmenting business intelligence reports and dashboard indicators to provide deeper insights into data flows and costs within the enterprise. For example, we added live global cost indicators that show un-monitored costs, invoice re-generation reports, system-level analytics and much more.

As always, we love to hear user feedback so do reach out!