Projects / Assignments

Offering real-time data from major North American and European exchanges to an online trading audience comes with serious compliance obligations — and the complexity to match. To ensure the broker's operations held up under scrutiny, TCAM conducted a comprehensive assessment spanning the full data lifecycle: from how market data is distributed across the platform, to client onboarding and the validation process for private investor classification, through to entitlement management and monthly exchange reporting.

When a Dutch bank with global trading operations noticed their market data workstation costs spiralling upward, they brought in TCAM to find out why. Digging into the bank's full estate of Bloomberg terminals and LSEG Workspaces, we uncovered what was quietly draining the budget: a substantial pool of unused licences, and widespread over-entitlement of real-time exchange data across their workstation fleet.

The fix was clear once the picture was complete. By rightsizing entitlements and eliminating redundant licences, TCAM delivered a 17% reduction in global market data workstation costs — a material saving across a complex, multi-regional environment.

When one of Europe's leading exchanges launched a formal audit, the stakes were high — and the initial findings even higher. Appointed as the internal process lead and primary liaison to the auditor, TCAM didn't just manage the process; we challenged it. By rigorously scrutinising the exchange's own data policies and contesting the methodology behind their findings, we turned a significant preliminary claim into a near-non-issue — securing a 95% reduction in the amount originally demanded.

Rolling out a new Order & Execution Management infastructure at scale means getting every data dependency right — before go-live. With roughly 100 data products needed from across 50 exchanges and providers — including NYSE, CME, and LSEG — TCAM navigated the full commercial and contractual landscape to ensure seamless, compliant access from day one. We secured the right agreements, established robust reporting frameworks, and made sure licensing obligations were met without slowing down the implementation.