Guide
The Revenue Leakage Playbook
Practical steps for market data teams to detect, triage, and recover leakage—with evidence trails.
Request PDF →✨ From Reporting to Revenue
The complete platform for market data revenue management
End-to-end commercial operations—from licensing and approvals to usage validation, billing, and client servicing. With the Q of Quality. Trusted by leading exchanges worldwide.
Complete Commercial Lifecycle
Quote → Contract → Usage → Billing → Collection. One system, auditable workflow.
Revenue Integrity
Detect leakage, validate usage, reconcile AUM fees, and prevent revenue loss.
Client Self-Service
Digital portal for contracts, orders, usage reporting, and invoice retrieval.
Trusted by leading exchanges worldwide
The MQD Platform
Everything you need to maximize revenue
A complete, modular platform for market data revenue management—designed for exchanges, index providers, and data vendors who take revenue operations seriously.
Licensing Workspace
Build commercial terms once; propagate to quotes, approvals, contracts, and billing with a governed rights model. Every decision is logged for audit.
- Product catalog & pricing rules
- Approval routing and versioning
- Contract templates & obligations registry
Usage Processing
Centralize usage reporting from redistributors and vendors. Supports industry-standard formats with automated validation and compliance checks.
- VRXML, VARS, Excel format support
- Automated validation rules & structure checks
- Usage variance detection & alerts
Billing & Invoicing
Automate your revenue capture from usage validation through to invoice generation and collection. Detect retrospective changes for back-billing.
- Automated billing workflows & calculations
- Invoice generation & distribution
- Credit/debit management & reconciliation
Compliance Monitoring
Automatically detect gaps between reported usage and contractual obligations. Flag non-compliant items for your license or compliance team.
- Contract vs. usage reconciliation
- Automated exception flagging
- Audit trails & evidence packs
Customer Management
Global, aggregated view of all your customers—vendors, redistributors, and end-users. Profile by type, region, and usage patterns.
- Customer profiling & segmentation
- Redistributor network management
- Commercial analysis & peer comparison
Client Self-Service Portal
Give your redistributors and vendors a secure portal for digital contracting, product ordering, usage submission, and invoice retrieval.
- Digital contracting & e-signatures
- Product catalog & ordering
- Usage report submission & invoice access
Enterprise Scale
Built for scale. Proven worldwide.
Processing millions of usage records monthly across the world's largest market data distributors.
VRXML
Industry-standard vendor reporting format
VARS
Vendor Activity Reporting Standard
Excel
Custom template support with validation
API
Programmatic submission & integration
100M+
Usage records processed annually
Across exchanges, redistributors, and vendors worldwide
50+
Validation rules per format
Automated checks for completeness, consistency, and compliance
24/7
Revenue monitoring
Real-time alerts for anomalies, leakage, and exceptions
Solutions by Market Participant
Tailored workflows for exchanges, index providers, and data vendors—designed around your revenue model.
Exchanges
Manage complex redistribution networks with confidence. Automate vendor declarations, validate usage reports (VRXML/VARS), and ensure every redistributor is paying correctly.
Redistributor contract management & compliance monitoring
Automated usage processing & validation (VRXML, VARS, Excel)
Billing automation & revenue reconciliation
Client self-service portal for redistributor access
Typical Impact
85% reduction in manual processing time
Index Providers
Turn complex AUM-based fee models into automated revenue streams. Reconcile asset reports, calculate fees accurately, and recover revenue with audit-ready evidence.
AUM fee calculation engine with tiered pricing support
Asset report collection & validation workflows
Leakage detection for unreported ETFs & products
Back-billing & credit management for retrospective changes
Typical Impact
12-18% revenue uplift from recovered leakage
Data Vendors
Streamline your licensing operations from quote to collection. Manage distributor contracts, sync marketplace entitlements, and ensure every data feed is properly licensed.
Quote-to-cash automation with approval workflows
Marketplace entitlement sync (cloud exchanges, data lakes)
Downstream distributor management & compliance
Customer portal for self-service ordering & reporting
Typical Impact
60% faster quote-to-contract cycle time
ROI that speaks for itself
Organizations typically see measurable returns within 2-3 quarters through recovered revenue, reduced operational costs, and accelerated commercial cycles.
2-3 mo
Average time to first recovered revenue
5-15%
Revenue uplift from leakage recovery
70%
Reduction in manual reconciliation time
50%
Faster licensing approval cycles
Resources
Brief
AUM & Index Fees
From approvals to reconciliation—how to operationalize index fee logic without spreadsheets.
Request PDF →Perspective
Entitlements in the Marketplace Era
Keeping licensing in lockstep with cloud listings and access controls.
Request link →About Marqetdata
From Reporting to Revenue — The MQD platform powers market data revenue operations for some of the world's most demanding exchanges and data originators. With the Q of Quality.
Proven at Scale
Processing 100M+ usage records annually across global exchanges, with proven uptime and reliability where revenue operations can't afford downtime.
Built by Operators
Our team has lived the pain of manual licensing operations, vendor reconciliations, and revenue leakage. We built the platform we wished existed.
Industry Standards
Native support for VRXML, VARS, and custom formats. We understand the market data ecosystem and the standards that power it.
Leadership Team
Industry veterans with decades of combined experience in market data revenue management.
Ronald Damen
Managing Partner
LinkedInRonald helps exchanges and data vendors turn complex licensing into revenue outcomes. At TRG Screen he worked with vendors, venues, and DKF to operationalize commercial models and programs. At Marqetdata he leads go-to-market and partner strategy for the platform.
Peter Schout
Managing Partner
LinkedInPeter builds systems where commercial rules meet data operations. Former Partner & CTO at Screen INFOmatch (a TRG Screen Company), he founded Dutchcode B.V. and created Marketdata.ai. At Marqetdata he drives product architecture and platform development.
Frank Finken
Managing Partner
LinkedInFrank is a veteran engineer of market data administration platforms. After two decades building and maintaining Screen INFOmatch (a TRG Screen Company) at enterprise scale, he leads platform engineering and development at Marqetdata.
Interested in working with us?
Tell us about your current process, obligations, and revenue goals. We'll show how the Marqetdata platform can help you maximize revenue and minimize operational strain.
Marqetdata B.V. (io) · Headquartered in Den Dungen, Netherlands