The way Market Data should be Managed

Automate | Simplify | Comply

Our technology-enabled market data compliance platform is an industry game changer

Technology-driven Efficiency & Productivity

Axon’s technology platform is disrupting market data management practices with its automated process designed by industry-leading experts with a focus on automating compliance, reporting and policy management.

The platform, which is based on three principal product groups: AxonKnowledge, AxonManage and AxonWorks, is designed to drive efficiency and productivity within market data management.

Policy Updates - Year to Date
Non Display
Unit of Count Display
Derived Data
Market Data Audit
Fee Waivers
Unit of Count Non Display
Licence/Data Charge Changes
Licence Fee Changes in PEAR
Data Charge Changes in PEAR


Most Viewed Stock Exchange


Most Viewed Policy Type

Non Display

Are currently being monitored daily by Axon

News & Announcements

Enhanced Licence Functionality in ACT

Axon are delighted to announce that we have developed even further the ‘Licence Functionality’ within ACT by adding the ability to compare data from two snapshots, including the beginning and end of a review period. ... Read More >>>

Date: Jul 30, 2020

Tokyo Commodity Exchange (TOCOM) added to PEAR

Due to the merger of Tokyo Commodity Exchange, Inc. (TOCOM) and Japan Exchange Group, Inc. (JPX). Axon Financial Systems are pleased to announce that Tokyo Commodity Exchange (TOCOM) is now available within our exchange ... Read More >>>

Date: Jun 09, 2020

We have been Shortlisted for Best Market Data Inventory-Compliance Platform at the Trading Tech Insight Awards 2020

We are delighted to be shortlisted for Best Market Data Inventory/Compliance Platform in A-Team Group's Trading Tech Insight Awards 2020! Axon’s technology-enabled market data compliance platform is disrupting the cu... Read More >>>

Date: Apr 14, 2020

Who We Are

Axon is a technology-driven product and services business. We are focused on disrupting the current approach to market data management using automated processes, combined with centralised content to comply with, and report to, exchanges and data vendors. Using this approach, we are able to provide an extremely competitive offering that allows market data teams to carry out more valuable activities.

Market Data Challenges

Axon is a software-driven service solution that automates the repetitive processes surrounding the preparation and submission of vendor and exchange entitlement declarations. This allows clients to make more valuable use of their time, whilst Axon's centralised and readily accessible knowledge base reduces the need for expensive onsite consultancy services.

Person accessing market data compliance information on a tablet and smartphone

Burden of Compliance

Market Data policies are many and varied and the time and resource cost of interpreting these is a significant burden to market data teams.


Axon Knowledge via PEAR manages the interpretation of data policies, ensuring that clients remain compliant in their market data usage.

Find Out More >>>
Web browser to search for market data policies

Overpayment for Data

Contrary to popular opinion some market data policies are favourable to clients, and if you’re not taking advantage of these you could be overpaying.


Axon highlights favourable policies within the PEAR product, and for ADS customers, Axon implements processes to ensure that customers benefit from any of these that can apply.

Find Out More >>>
Satellite view of lights across a map of the United States

Policy Tsunami

The industry is currently seeing the introduction of an unprecedented number of new market data policies as data originators seek to catch up with changes in the way that market data is used.


Axon’s PEAR monitors, and informs clients, of market data policy and fee document changes.

Find Out More >>>