TRG, a software solutions provider and Vela, a market access technology provider, are partnering for DART usage analysis.
The partnership, which gives TRG exclusive global distribution rights for DART Terminal Usage Analytics, will give TRC terminal tracking capability to its product line up.
Under the agreement, TRG will provide sales and relationship management for new customers, while Vela will provide after-sales support and development, continuing to manage all existing client relationships.
DART Terminal Usage Analytics enables users to track usage across the complete organisation and its capabilities include user and desk profiling, peer-to-peer benchmarking, and usage heat maps.
According to Vela, the addition of DART Terminal Usage Analytics to TRG’s product line up will bring together subscription expense management and usage tracking capabilities.
It will also complement TRG’s ResearchMonitor product which provides a usage monitoring solution for web-delivered market data and information service resources.
TRG and Vela will continue to work together to further develop the direction of the product and to provide integration with TRG’s other management platforms, FITS and INFOmatch.
Leigh Walters, chief revenue officer at TRG, said: “Alongside our FITS, INFOmatch and ResearchMonitor products, this further reinforces TRG’s strategy of offering usage tracking of key subscription spend categories.”
He added: “This enables our 300 global clients in the financial services, legal, and professional services industries to gain full transparency of their spend and usage to allow them to optimise their spend on high-value data services.”
Ollie Cadman, Vela’s head of business operations, commented: “We are excited to announce this partnership with TRG. The market responded very positively to the acquisitions we completed in 2017 that enhanced our market data and execution software with complementary market access, trading, and risk capabilities.”
He added: “Having built strong ties and a solid relationship with TRG over many years, our partnership with them was an obvious choice to help us achieve these goals and continue to expand the DART user base.”
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