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!

XMon 1.1: Tracking realtime market data subscriptions

We deployed XMon version 1.1 over the weekend. This release includes several important updates and we thought we’d highlight a few of them:

Real-time tracking of end-user market data subscriptions

XMon is now able to track, for each end user, costs related to Bloomberg terminals. These costs can be aggregated by team, by geographical region and by business line. This, combined with our alerting and reporting engines greatly improves our customer’s understanding and control of costs associated with real-time and delayed data feeds.

Alerts and notifications

We added an alerting engine that helps our customers proactively monitor market data spending metrics, contract expiry dates, SLA breaches and much more. This helps our customers stay on top of important updates related to their market data contracts and usage.

In this update, we’ve also added new reports, extended our REST API and improved our reporting data model… Speak to us if you’d like to know more or for tips on how to save on your market data costs!

January update

2015 has well and truly kicked off and we are looking forward to an exciting year ahead!

Over the month of January we’ve been very busy extending the architecture and data model of XMon to support Bloomberg terminals and real-time/delayed market subscriptions at the user level. With this, we are now able to provide our clients with full visibility over market subscriptions costs and in addition to reporting capabilities such as streaming data costs per user, per team and per business line over any period of time.

We’ve also now set up agreements with Thomson Reuters and developments to support the TR static data feed – Data Scope Select – are scheduled to start in the coming weeks.

All in all, an eventful January we’d like to think! As always, we love to hear your feedback and discuss data costs and analytics, so do reach out… We’d love to chat!

Amjad

Festive Update

A month ago we released XMon 1.0 and since then, we’ve been releasing features and updates on a weekly basis. We rolled out five updates since our last newsletter which have all been pushed in a way that is seamless to our users. The updates include improvements to user experience, reporting and administration.

We’ve now also engaged discussions with an additional major data vendor to pave the way for a partnership agreement and inclusion of wider market data business intelligence within XMon. Stay tuned for updates on this end early 2015!

We love to listen to user feedback and our developments are driven by user input, so do reach out if you’d like to discuss any aspect of XMon or to talk about your requirements around market data monitoring and cost management.

Finally, we’d like to take this opportunity to wish you a wonderful festive season and a very Happy New Year 2015!