NYSE Technologies and Jordan & Jordan are working together to help customers effectively manage and reduce their spending on market data.
NYSE Technologies and Jordan & Jordan, a market data, management consulting and information technology company, have reached an agreement that will expand NYSE Technologies DART system (Data Administration and Reporting Technologies) by integrating it with Jordan & Jordan s Vendor Reporting System (VRS). As a result, customers will have a single set of tools and services that can help them entitle data, identify and eliminate under-utilized vendor devices and exchange services, net multiple devices used by a single person, and report directly to most exchanges globally.
The combined NYSE Technologies and Jordan & Jordan system will be available for demonstration at the SIFMA Technology Management Conference & Exhibit, 23-25 June.
Together with Jordan & Jordan we are addressing our customers mission-critical need for cost-effective solutions to manage data dissemination, administration and reporting, and partner with our customers to help them reduce costs in these difficult times, says Stanley Young, CEO of NYSE Technologies and co-global CIO of NYSE Euronext. The volumes of market data are growing exponentially, as is the complexity of dealing with myriad data streams and usages. This new partnership underscores our commitment to simplify and economize this work for our customers by offering global, exchange-agnostic solutions.
Jordan & Jordan is always looking for new ways to address client demands; VRS was created to automate market data device netting and reporting with the end goal of reducing data costs and the time spent producing exchange and vendor reports, says Tom Jordan, CEO of Jordan & Jordan. By integrating VRS with the full capabilities of NYSE Technologies DART products, and by establishing an ongoing partnership with NYSE Technologies, our clients will have an increased level of risk assurance and long-term cost savings.
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