MDSL Launches Web-based Data Audit Tool

Earlier this morning I met with Ben Mendoza, CEO of MDSL, to discuss the latest add-on to his firm’s Market Data Manager (MDM) system, which it rolled out the other day.

The new offering, dubbed Access Compliance Engine (ACE), offers users a way to permission and log user access to market data delivered via websites, such as Moody’s or Fitch Ratings. But those providers are just two of the estimated 180 market data vendor that provide more than 800 data offerings via the web, according to Mendoza.

The platform consists of a local proxy sever, which sits next to a firm’s existing web proxy server, and the ACE Web Service, which MDSL hosts as a software-as-a-service (SaaS) offering.

A firm configures the ACE proxy server with a list of web sites that the organization wants to monitor. After that, The ACE proxy server routes all requests for those sites onto the web service to determine if the user making the request is authorized to access site.

If the user is not authorized, the ACE platform can block access and log the attempt or provide multiple alternatives depending on how a firm configures ACE. Some options could allow one-time access for VIP users or request the user provide a necessary business case for access before granting access.

To take advantage of ACE, companies will need to run version 3.2 or later of MDM, which is between 60 to 70 percent of its existing installed base, says Mendoza.