CJC and Broadhead Launch DRDM – Market Data Digital Contracts
LONDON, MARCH 11th, 2025 – In a major step forward for market data contract management, in collaboration with Broadhead Technologies, CJC is proud to announce the official launch of DRDM (Digital Rights for Data Management)—a groundbreaking platform powered by blockchain distributed ledger technology (DLT) to transform how financial institutions manage digital rights, ensure compliance, and optimise their revenue streams.
DRDM is supported by a custom-made DLT foundation, delivering real-time data tracking, intelligent automation and full transparency. The digital contract solution helps exchanges, data providers, and asset managers streamline operations as the regulatory landscape evolves, including incoming 2026 MiFIR requirements[1].
Learn More About DRDM: https://cjcit.com/services/commercial-management/digital-market-data-contracts/?utm_source=CJC&utm_medium=PR
Soft-launched during WFIC2024, DRDM has garnered strong interest across the financial sector, with industry participants recognising its ability to streamline operations, improve compliance, and unlock new revenue opportunities. The platform is designed around four key capabilities that address the most pressing challenges in market data management:
- Digital Contracts: Dynamic, code-based contracts that replace static documents, enabling real-time tracking, automated updates, and seamless integration with internal and client systems.
- Automated Declarations: Streamlined market data usage reporting that reduces audit risks, ensures compliance with licensing agreements and improves revenue assurance—all fully aligned with regulatory frameworks like MiFIR.
- Workflow Efficiencies: Critical business process automation—including client onboarding, KYC checks, and contract approvals— accelerating operations and reducing manual, resource-consuming workloads.
- Intelligent Sales: AI-powered analytics to identify new revenue opportunities, predict client needs, and automate sales outreach to shorten sales cycles and improve customer engagement.
As regulatory scrutiny increases, European Securities and Markets Authority’s (ESMA) MiFIR requirements for example, financial institutions must ensure compliance, transparency, and fair pricing in market data usage—without the burden of manual audits.
Alan Ross, Chief Executive Officer at Broadhead Technologies, said, “DRDM’s launch is a game-changer in market data contract management. With evolving regulations like ESMA under MiFIR, exchanges face mounting pressure to ensure compliance without complex manual audits. DRDM’s DLT-based Digital Contract Network provides a real-time, tamper-proof compliance framework, helping exchanges meet stringent regulatory requirements while reducing costs and boosting efficiency. DRDM enables streamlined operations, greater transparency, and new revenue opportunities.” From the financial firm’s perspective, Alan said “DRDM represents a step-change for organisations grappling with the complexities of market data management. Facing increasing compliance and operational efficiency pressure, DRDM is a future-proof solution that simplifies processes while maximising revenue potential.”
Paul Gow, Chief Executive Officer at CJC, adds “Firms are embracing DRDM because the underlying DLT approach is multi-industry tested and transforms market data contracts into a truly digital and auditable format. The industry needs forward-looking solutions, built to meet tomorrow’s market demands, and DRDM delivers just that – making complex processes simple, transparent, and efficient.”
– End –
For more information, contact:
The Communications Team
Tel: +44 (0) 203 328 7600 | Email: marketing@cjcit.com
About Digital Rights for Data Management (DRDM) by Broadhead Technologies
DRDM by Broadhead Technologies, is a blockchain distributed ledger technology (DLT) based digital contract platform, supported by industry experts[2]. The DLT-powered technology marks a first in the market data industry, raising the bar for data management and compliance by removing the ambiguity of market data paper contracts. It also reduces the deployment time of new offerings. DRDM protects the data publisher’s rights and revenue while reducing the data subscriber’s required resources and regulatory burdens.
About Crown Jewel Consultants (CJC)
CJC is the leading market data technology consultancy and service provider for global financial markets. CJC provides multi-award-winning consultancy, managed services, cloud solutions, observability, and commercial management services for mission-critical market data systems. CJC is vendor-neutral and ISO 27001 certified, enabling CJC’s partners the freedom to focus on their core business.
[1] European Securities and Markets Authority (2024), “12.2 Feedback to the consultation” [pages 76-78] in “MiFIR review Final Report” at https://www.esma.europa.eu/sites/default/files/2024-12/ESMA74-2134169708-7775_MiFIR_Review_Final_Report_on_amendment_of_RTS_2_and_RTS_on_RCB.pdf [Accessed 27 February 2025].
[2] Anderson D. (2025), “Talking Market Data – Episode 7” [00:42:45] at https://www.youtube.com/watch?v=vcqEpLquPpY [Accessed 27 February 2025].
