Electronic trading platform for fixed-income securities MarketAxess has selected DataBP, the data licensing and commercial management platform, to support and automate its data licensing and post-sales processes.
DataBP’s data licensing platform has been designed to simplify and automate the manual business process, supporting ongoing administrative workflows.
MarketAxess will leverage DataBP’s pricing engine and integration with Salesforce to better meet the business intelligence needs of its institutional fixed income trading clients.
Through the mandate, MarketAxess also looks to achieve increased efficiency while reducing risk.
Ryan Gwin, head of data sales at MarketAxess, comments: “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, says: “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. DataBP is focused completely on enabling providers of data to rapidly introduce new products, onboard customers and manage data licensing and subscription relations at scale.”
