Open DACS gives firms a single consistent means to control and report on the use of chargeable data within their organizations, wherever it is used. The London Stock Exchange has already welcomed the launch of Open DACS, agreeing that it offers clients a way of managing their data more effectively.
Open DACS prevents costly data contract infringements by ensuring individuals only receive the data they are already permitted to use. It also gives enterprises robust control over the distribution of data with full reporting and audit facilities to help monitor it.
Global exchanges are increasingly keen to ensure that clients meet their data charges, commented Michael Parlapiano, Reuters global head of information management solutions. Open DACS offers complete control over all the data coming into an enterprise for the first time.
Open DACS is an important tool to help organizations manage their internal redistribution of chargeable data, added Colleen Dennis, head of market data audit at the London Stock Exchange. Data and contract management is increasingly demanding for our clients and we welcome Reuters Open DACS as a means of assisting firms.
