User:Marketdatainfo

Permissioning on Demand is an efficient method for entitling end users for market data.

Entitlement Systems
Financial institutions use market data in order to manage, analyse and research financial transactions. Market data is accessed by financial institutions by utilising the services of market data vendors. The market data supplied by the vendors is often chargeable for each end user. Therefore it is necessary for each end user to have a username and password held within an entitlement system. The entitlement system permissions each end user for the market data that, contractually, they are allowed to view. An example of chargeable market data would be the most recent price being quoted on a stock exchange for a particular stock.

Traditional Entitlement Administration
It is necessary for financial institutions to remain compliant with their contractual obligations. In order to maintain compliance the financial institution or market data vendor (on behalf of the financial institution} must use entitlement systems to permission end users for the chargeable market data that they require. If the end user requires additional market data they will send a message to the team of people that manage the entitlement systems, who will then permission the end user for the service they require, subject to approval of the cost. If the end user no longer requires or no longer uses particular market data they will send a message to the entitlement team, who will then depermission the end user. The speed that the entitlement team can action requests depends on the efficiency of the end user request process and the resources allocated to actioning requests. In that respect traditional entitlement administration can be costly and inefficient.

Permissioning on Demand
"Permissioning on Demand" automates the traditional entitlement administration. An entitlement system that incorporates permissioning on demand incorporates two levels of permissioning: a profile layer and a permissioning on demand layer. The profile layer is whitelist of chargeable market data that the end user has internal cost approval to receive. The permissioning on demand layer is a list of market data that the end user has requested within the calendar month. The end user requests are automatically permissioned as prior internal cost approval has been achieved. At the start of each calendar month the end users permissioning on demand entitlements are reset to none.