DES: Case Studies

Two of the top 10 investment banks sought to monitor and manage market data usage beyond their vendor-driven platforms. 

Their goals included gaining firm-wide visibility into data usage to comply with exchange and data vendor audit requirements, simplifying implementation for developers, and minimizing the expansion of vendor APIs across the organization.

For over 20 years, these institutions have relied on our intuitive DES APIs to support hundreds of applications and thousands of users worldwide. 

Utilizing DES as a proxy for the industry’s leading data access control system, our solution delivers a versatile Quality of Service (QoS) range, from web-based tick-by-tick entitlement checks to low-latency operations.

A leading global hedge fund, managing over $60 billion in assets under management (AUM), faced annual fines exceeding $20 million from exchanges and data vendors due to non-compliance with audit requirements.

To address this challenge, the firm implemented DES as a standalone data entitlement and reporting system. DES seamlessly supported entitlement IDs from major data providers as well as direct and in-house data feeds.

Within months of deployment, the hedge fund was able to produce audit-compliant reports, effectively eliminating the risk of fines.

DES has been operational for over four years and continues to be integrated into additional applications.

One of the largest retail brokers, serving over 3 million users, faced challenges in differentiating between professional and non-professional users of their retail brokerage platform.

 By default, all users were classified as professionals, resulting in higher exchange fees for real-time data access.

For over 10 years the firm utilized DES's high-performance capabilities to accurately capture and report user activity, enabling them to classify users appropriately and significantly reduce costs based on actual demand.