Date: Tuesday, February 12, 2019
Axon is delighted to announce the launch of the Axon Declaration Portal (ADP), which streamlines the collection of market data usage declarations within a single on-line portal. “The Axon Declaration Portal is a natural addition to Axon product suite given our expertise and experience of producing and submitting market data declarations on behalf of consumer firms.” Says Axon’s co-founder and chief executive, Chris Hutton. Steve Cowler, COO at Axon says “Axon created ADP to simplify the collection and management of market data usage declarations as there is currently no standard method for exchanges and vendors to collect this information. For many, the current process of collecting this data typically involves an inefficient process of spreadsheets being sent back and forth via email which need to be collated and reconciled with a central billing system.” In contrast, he says, “We’ve developed a simple, yet very effective browser-based entry form, removing the need for email-based declarations. This eliminates the time-consuming process by minimising manual intervention and therefore improving accuracy throughout the whole process” ADP allows users to submit their monthly declarations to an exchange or vendor in a matter of a few clicks. Automated reminders and requests at various stages of the declaration process are sent via email, such as the declaration open and close date, thus streamlining the whole process and making it more efficient. Through the ADP administration portal Exchanges and vendors are provided with an instant overview showing the status of all their client declarations, both current and historic, enabling them to carry out a trend analysis. All client declaration data is consolidated in an auditable, secure central database which can be used to feed the billing process, improving accuracy. “In summary ADP is a reliable cost-effective solution that allows exchanges and vendors to provide their clients with a straightforward declaration process.” says Axon’s chief operating officer Steve Cowler. About Axon Established in 2014, beginning with Axon’s flagship product PEAR, the company has gone from strength to strength by using technology to simplify market data reporting and administration, to achieve significant success, with a growing team of experts and the Axon product platform now boasting a full range of products and services to complement PEAR. Axon is recognised by the industry as a leader in its field, boasting tier-one banks, mid-size financial institutions and hedge fund companies amongst their growing list of clients.