Market Data Compliance
Information providers claim IP-ownership on “their” data. Distribution and usage by third parties requires licenses, which incorporate rights and restrictions regarding usage and distribution, as well as obligations, such as periodic usage reporting.
Compliance must always be assessed from a data use case or a data distribution case perspective. For each case, it is essential that it is properly licensed, that the use or distribution falls within the agreed rights and restrictions, and that all stipulated obligations are met.
How we help
Compliance assessments
Identify potential licensing, usage, and distribution risks before they lead to violations. It ensures that data is used in line with contractual terms and regulatory requirements, reduces the likelihood of costly audits or penalties, and supports a controlled, compliant data environment.
Audit support
We take complete care of your audit, i.e. we ensure that usage is accurately represented, contractual terms are correctly interpreted, and relevant evidence is efficiently gathered. This expertise helps prevent misunderstandings, reduces financial and compliance risks, and allows the audited firm to negotiate and resolve findings from a position of strength.
Audits can be complex and time-consuming. One key challenge is the collection of relevant usage information across multiple systems, departments, and business units, which often involves fragmented data and inconsistent documentation. Another difficulty lies in interpreting contractual language and licensing terms, which can be highly technical, ambiguous, or open to multiple interpretations. As a result, organizations may struggle to confidently demonstrate compliance or to align internal practices with the vendor’s contractual expectations. Additionally, audits can place a significant burden on internal teams, diverting time and resources away from core business activities.
Engaging TCAM to manage the audit process offers several advantages. We bring in-depth knowledge of vendor licensing models, contractual language, and typical audit procedures, enabling us to bridge the gap between legal terms and operational realities. We can streamline the information-gathering process, ensure that data is presented accurately and consistently. Furthermore, our experience in dealing with vendors can help negotiate findings more effectively and reduce the risk of unnecessary costs or penalties. Outsourcing also allows internal teams to stay focused on strategic priorities while ensuring that the audit is handled efficiently and professionally.
We ensure that your next audit is a lot less painful.