Mark Schaedel, CEO, DataBP.
Bond market operator and data provider, MarketAxess, is using the services of DataBP, a data licensing and commercial management platform, to support and automate data licensing and post-sales processes.
As data consumption methods in financial services have rapidly evolved, the opportunity to provide a broader range of services to customers, and manage an increasingly diverse community of data subscribers and redistributors, requires a matching level of scale and automation.
DataBP’s data licensing platform, which has been adopted by a number of tier 1 securities exchanges, index providers and data vendors, is designed to simplify and automate the 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 trying to increase efficiency and reduce risk.
Ryan Gwin, head of data sales at MarketAxess.
Ryan Gwin, head of data sales at MarketAxess, said, “DataBP’s platform provides MarketAxess the opportunity to optimise the customer experience as we develop our data services business and offer new products. Having the tools to automate market data sales administration means that we can focus on the higher value activities involved with servicing clients and developing cutting edge products."
Mark Schaedel, CEO of DataBP, said, “We are thrilled to partner with MarketAxess who, in many ways, are doing to credit markets what we are doing in the market data space – introducing innovation and technology to support a necessary transition from analogue to digital. As credit markets become more automated and data-driven, streamlining the workflows supporting the provision and licensing of data are a critical enabler for innovation.”
©Markets Media Europe, 2022
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