MDSL Preps Index, Trading Cost Management Tools
Dubbed Index License Manager (ILM) and Transaction Reconciliation Reporting (TRR) respectively, both services are in the beta testing stage, and are intended to expand MDSL's addressable market and to provide specialized platforms for monitoring other areas of firms' spend. The vendor plans to roll out both around the end of March.
"MDSL is good at tracking and managing assets... and ensuring that spend on those assets is optimized," says Steve Ellenberg, senior consultant in the vendor's MDX
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