How Waypoint Archon Helps Strengthen Market Data Entitlement Management

Every financial firm is required to have an entitlement system to control access to market data. However, managing market data entitlements has become increasingly complex as individual and firm-level users require access to different feeds, products and applications, while controlling costs and meeting exchange reporting requirements.  

Waypoint Archon is a new enterprise-grade market data entitlement management system designed to centralize this process. By providing greater visibility into entitlement permissions across the enterprise, Archon aims to help firms strengthen control, support compliance and contain costs. Here are three ways Archon can help improve market data management: 

1. Centralize Entitlement Control 

Fragmented entitlement processes can make it difficult to understand who has access to specific market data services. Archon centralizes permissions across individual and firm-level users, vendors, applications and feeds within a modern, intuitive management interface.  

Hierarchical controls allow permissions to be managed from the vendor and product level down to firms, banks and individual traders. Firms may also apply granular controls based on feeds, products and users, providing a clear, consistent approach.  

2. Support Compliance and Reporting 

Firms must stay aligned with exchange reporting requirements across trading environments. Archon provides audit, usage and exchange reporting capabilities that help support compliance and billing workflows.  

By centralizing entitlement tracking, Archon may help firms identify potential gaps. Test, production and location-based controls provide an additional layer of governance, helping organizations enforce access rules and mitigate the financial and operational risks associated with fragmented legacy processes.  

3. Integrate Seamlessly  

Archon provides a simple API that is designed to integrate with any existing trading system. Archon can be deployed for a single firm managing internal market data use or for a vendor administrating entitlements across multiple customers and applications. This flexibility helps organizations reduce manual administration and scale entitlement governance as their requirements evolve. 

As part of Waypoint’s broader suite of data optimization products, Archon alongside Waypoint Data Usage Optimizer and Data Notification Manager provides firms with full visibility into market data usage, cost and notification insights. 

To learn more about how Archon may help your firm centralize control, support compliance and strengthen market data governance, contact waypoint@tnsi.com.  

Jeff Mezger is Vice President of Product Management at Waypoint Trading Solutions with responsibility for its managed services for the financial industry. He oversees product development and strategy for market data, online and data center services.  

Prepared with assistance from AI.