What we do
One discipline.
Seven service areas.
Paraxis works on investment data. Procurement, governance, compliance, operating-model design. Our work is sharper because we do nothing else.
- 7 Service areas, one discipline
- 100+ Years of combined market data leadership
- 40+ Exchange and vendor audits defended
Jump to a service
Seven entry points into the practice.
Market data cost optimization
Licenses sized to actual consumption. Vendors selected by total cost of ownership, not list price. Redundant feeds eliminated. Contracts negotiated against benchmarked rates rather than vendor-quoted rates.
- License optimization and vendor negotiation
- Usage analysis and demand shaping
- Distribution engineering across departments
- Commercial leverage strategies
- Contract review and rate benchmarking
- Entitlement management optimization
Vendor contract negotiation
Renewals, new fits, and consolidations across Tier-1 vendors. We negotiate on commercial terms, license entitlements, and audit posture in parallel — not in sequence.
- Renewal target setting with specific commercial positions
- Multi-vendor competitive tension where the contract permits
- Direct negotiation with vendor sales and licensing teams
- Total cost of ownership modeling, not list-price comparison
- Audit, redistribution and assignment clauses read together
- Settlement of legacy disputes folded into the renewal
Exchange and vendor audit defense
Audits from NYSE, Nasdaq, CME, ICE, LSEG, Bloomberg and S&P are a six-figure problem when they land cold. We defend the client position with entitlement evidence, usage data, and contract language.
- Pre-audit readiness assessments
- Vendor audit response management
- Policy and procedure development
- Ongoing compliance monitoring
- Risk identification and mitigation
- Audit defense strategies and counter-claim analysis
License entitlement management
A vendor inventory the client can see in full. Entitlements mapped to actual user behavior. Discrepancies surfaced before a vendor auditor finds them. The audit defense file maintained current as a standing artifact, not a fire drill.
- Complete entitlement inventory at user, terminal and API level
- Usage mapping to surface unused or under-utilized licenses
- Discrepancy detection ahead of vendor audits
- Reconciliation between contract terms and operating reality
- Permissioning system review and remediation
- Standing audit defense file maintained on an ongoing basis
Operating-model design
How procurement, governance, compliance, and operations divide the work. Roles, controls, escalation paths, and the systems that record decisions. Designed once, documented, stood up.
- Function mapping across procurement, ops, compliance and risk
- Role and responsibility definition with named accountability
- Escalation paths and decision rights documented
- Process improvement and tool selection
- Stakeholder communication and change management
- Documentation handed back to the client, not retained by the firm
Governance framework development
Most firms have a market data committee. Fewer have a governance framework. We design the framework, document the controls, and stand up the operating model.
- Market data committee charter and standing agenda
- Control library mapped to regulatory and vendor obligations
- Documentation and reporting cadence
- Long-term prevention strategies for spend creep
- Ongoing compliance monitoring and reporting
- Procurement calendar and renewal sequencing
Remediation services
Address compliance issues quickly and effectively with proven remediation strategies and vendor relationships. The faster a problem is recognized, the cheaper it settles.
- Rapid issue identification and assessment
- Vendor negotiation and settlement
- Process improvement implementation
- Long-term prevention strategies
- Documentation and reporting
- Stakeholder communication management