About a-team Marketing Services

A-Team Insight Blogs

MarketAxess Selects DataBP to Automate Data Licensing and Post-Sales Processes

Subscribe to our newsletter

MarketAxess, operator of an electronic trading platform for fixed income securities and provider of market data and post-trade services for global fixed income markets, is working with DataBP, a data licensing and commercial management platform, to support and automate its data licensing and post-sales processes.

DataBP says that as data consumption methods in financial services have evolved rapidly, the opportunity to provide a broader range of services to customers, and manage an increasingly diverse community of data subscribers and redistributors, requires an increasingly sophisticated level of scale and automation. The company’s data licensing platform, which has been adopted by the majority of Tier 1 securities exchanges and a growing number of index providers and data vendors, simplifies and automates manual business processes supporting ongoing administrative workflows.

MarketAxess is using DataBP’s pricing engine and integration with Salesforce to better meet the business intelligence needs of its institutional fixed income trading clients, while at the same time increasing efficiency and reducing risk.

“DataBP’s platform provides MarketAxess the opportunity to optimise the customer experience as we develop our data services business and offer new products,” says Ryan Gwin, head of data sales at MarketAxess. “Having the tools to automate market data sales administration means we can focus on the higher value activities involved with servicing clients and developing cutting edge products.”

Mark Schaedel, CEO at DataBP, adds: “MarketAxess is, in many ways, doing to credit markets what we are doing in the market data space – introducing innovation and technology to support a transition from analog to digital. As credit markets become more automated and data driven, streamlining the workflows supporting the provision and licensing of data is an enabler for innovation. DataBP is focused on helping providers of data to rapidly introduce new products, onboard customers, and manage data licensing and subscription relations at scale.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to optimise SaaS data management solutions in the cloud

Date: 16 January 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Software-as-a-Service (SaaS) data management solutions go hand-in-hand with cloud technology, delivering not only SaaS benefits of agility, a reduced on-premise footprint and access to third-party expertise, but also the fast data delivery, productivity and efficiency gains provided by the...

BLOG

FundGuard Wins Award for Best Fund Accounting, Portfolio Management and Data Platform in A-Team Group’s Data Management Insight Awards Europe 2023

Intro: FundGuard has won the award for Best Fund Accounting, Portfolio Management and Data Platform in A-Team Group’s Data Management Insight Awards Europe 2023. These annual awards recognise leading providers of data management solutions, services and consultancy to capital markets participants in Europe. FundGuard’s cloud-native multi-book investment accounting platform was selected as an award winner...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Fatca – Getting to Grips with the Challenge Ahead

The industry breathed a sigh of relief when the deadline for reporting under the US Foreign Account Tax Compliance Act (Fatca) was pushed back to July 1, 2014. But what’s starting to look like perhaps the most significant regulation of the next 12 months may start to impact our marketplace sooner than we think, especially...